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Google will no longer back up the Internet: Cached webpages are dead
(arstechnica.com)
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Bingo. When I read that part of the article, I felt insulted. People see the web getting increasingly enshitified and less accessible. The increased need for cached pages has justified the existence of 12ft.io.
~40% of my web access is now dependant on archive.org and 12ft.io.
So yes, Google is obviously bullshitting. Clearly there is a real reason for nixing cached pages and Google is concealing that reason.