What are you talking about? Coinbase proudly explained their internal safety precautions, explaining that most of their coins are stored in a cold wallet, not hot wallet.
Bitcoin, unlike other currencies are irreversible. You have one, and only one chance to keep them safe.
I rather be content with the loss of Bitcoins in my possession, _knowing it was my fault_, than losing them to a thief holding Coinbase's staff at gunpoint for the offline wallet's private keys.