But I think that dapper Vint "One is glad to be of service" Cerf is referring to how difficult it will be for far future historians to piece together records of daily life in the 21st century, especially from the view of individuals. Think of Da Vinci's notebooks, the personal journals of artic explorers, correspondence letters from great artists and statesman. Now imagine that those things are stored on floppy disks in Office95 .doc format. We'd have a hard time viewing that media today. In 1,000 years it might be impossible. A lot more will be lost to history than what the Internet Archive is currently storing.
I can't think of a great solution. When I watch some historical documentaries, it seems like every other scene is based on a quotation from a letter or an old photograph. We don't print those things out any more. They'll be lost, completely lost, when email services and social networks finally shut down. And even if people download personal backups, most file and physical storage formats have a shelf life measured in decades at the most. Letters can sit around in attics for lifetimes, undisturbed. A file formatted for a Commodore 64's word processor program might as well be written in a lost language and then one way encrypted. I'm not sure what to do about it, but it seems like a damn shame.