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CloudFlare is free/cheap and hey presto, no servers to manage!

And when your Cloudflare site is down, most of the Internet is down too! There's no downside!

That's true. It will be down much less often than a single server in someone's basement.

Counterpoint: that would require using CloudFlare.

That is, in my opinion, far superior to using a single server ran by "someone".

I guess that is the beauty of opinions: they can be different from person to person. In my case, I would rather avoid CloudFlare if possible.