No. “Doesn’t respond for me” doesn’t imply “down for lots of people”. If you discover that
foo.com doesn’t respond, it takes a while to figure out whether that’s on your system, in your network, in the city, etc.
Yes, you would set up multiple hosts across the world polling that server, but that adds complexity. Maybe, those pollers decide the site is down because of a bug in your network setup, while the rest of the world happily uses your services.