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Optical is Terrible, But... Both Amazon Glacier and Facebook use bluray media for long term storage. It doesn't degrade at all like DVD or CD since it's a completely different process. So, it has some serious potential. However, DVD and CD basically suck so hard that they've given optical media a (justifiably) bad name.

If we WERE to use bluray media, it would probably be best served as a complimentary storage method, especially since its initial cost is so low (~$50 for a home writer plus the per/tb cost is relatively low)