Well, that goes without saying. But I don't think that security argument is a very poor one compared to the huge benefit of having the history locally to inspect.
We've had instances where secrets were committed to local repositories by accident. It never got past review and into the master branch. If it had, we would probably had taken the effort to rewrite that commit out of the history.
If you go further upthread you'll find that I said "a valid tradeoff, but one I'd keep in mind"
> We've had instances where secrets were committed to local repositories by accident.
That's laudable, but countless examples show that not everyone is that diligent. I'd love if I could lock down some parts of some repos so that they're only accessible by people that I have an elevated level of trust in. (and where I can enforce a certain security level on the laptop).
Sure, then again I would guess that the ones who are not that diligent are not likely to apply those access restrictions that you mention (although the "one revision" advantage is something they would get "for free" with SVN).