Anti-theft Protection

Well yes. It wouldn't be smart to carry things of value that can be stolen so I never do

U have seen this step many times before on other players or on me personally Blackeye?

A good thief will find a way to steal pretty much no matter what you do to prevent them. They are hella sneaky and nothing is foolproof. My method simply gives u some extra time to hopefully notice something might be occurring and to move your position or bank your goodies or just recall away.

Fwiw...

Must have been you, other players use different layouts with the same idea. Usually a bunch of robes or chests on each other.

It's definitely better than nothing.