Without disagreeing with anything you've said there, even if you /think/ you have nothing to hide now and happen to be correct in practice, it's a terrible assumption to think that you can count on that being true forever.
Imagine you witness a murder in a restaurant, cold blooded and it's dirty cops working for a three letter institution that did it. You want to give evidence like a law abiding, upstanding citizen with nothing to hide. Suddenly you have something to hide despite having done nothing wrong.
"Nothing to hide" means nothing to hide from all current and future humans who control some small aspect spying on you. Even just control access for 30 seconds. It's nuts. Even if you think every single last one of the current guys are honest and completely competent despite the head of them criminally lying, while under oath, in answer to a question with notice in legitimate oversight. Who is going to infiltrate that power in 10 years? Radical anti-fa is impossible? White supremacists impossible? Religious cultists? Organised crime? People flipped to work for hostile foreign nations?
"I have nothing to hide" is is gradeschool silliness to be treated with contempt every time it comes up. It needs to be ridiculed as anyone suggesting it is an idiot or just totally and knowingly dishonest. There are just so many ways it is completely wrong, the only debate is which of the ways it is false and a con is more important than the other.