The fundamental relationship between smart-home companies and their customers is founded on trust.
Man... I'd like to be able to live in their world. In reality, it seems the fundamental relationship is based on "this is convenient and cheap enough that I'm willing to give up some privacy in that aspect of my life.", but I'd never classify it as "trust". I've had internet connected cameras. I would only ever place them outside my house. My garage door also had a camera watching it, just in case my smart garage door opener decided to act up unexpectedly.
Of course, I still have a smart phone in my pocket. I guess I've essentially given up on that front.