Many other points. When the Cloud Started, they offered great value in adjacent product and services. Scaling was painful, getting bare metal hardware have long lead time, provisioning takes time. DC was not of as high quality, Network wasn't as redundant. A lot of these today are much less of an issue.

In 2010 you could only get 64 Core Xeon CPU coming in 8 Sockets, or maximum or 8 Core per socket. And that is ignoring NUMA issues. Today you could get 256 Core per socket that is at least twice as fast per core. What used to be 64 Server could now be fitted into 1. And by 2030, it would be closer to 100 to 1 ratio. Not to mention Software on Server has gotten a lot faster compared to 2010. PHP, Python, Ruby, Java, ASP or even Perl. If we added up everything I wouldn't be surprised we are 200 or 300 to 1 ratio compared to 2010.

I am pretty sure there is some version of Oxide in the pipeline that will catch up to latest Zen CPU Core. If a server isn't enough, a few Oxide Rack should fit 99% of Internet companies usage.