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It's an insurance policy against loosing 100% of your stack. Talking about that, Anchor Watch provides something similar, but slightly more self-custodial AFAIK. Don't think it's available in Ireland but could be wrong.
I used to think more like you do, but then felt more mortal and fallible. Also the wrench attack possibility started getting to me, glad I'm not in France.
As a pragmatist I think the point is being able to self-custody all of it, and the predetermined issuance schedule.
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this is the kind of thing i never wanted to do. it is a reasonable suggestion but i also feel like if i can't manage my stack on my own, what is the point of all this?