I think my point was that anyone can pick up your reader and instantly access your account, change the password and hijack your entire library. I get that I don' t have to leave my credit card info or real birth date in the billing/profile section. That does make the process of purchasing a little more cumbersome. However, there is nothing to stop the loss of access to my library. That would really hurt. Having said all that, I thank you all for responding. I have to say that it was a little disconcerting to receive responses that were so dismissive of an issue that shoud be of more concern to anyone with a reader, whether Kobo or Kindle. Didn't your momma ever tell you that if you didn't have anything good to say, don't say anything at all?
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