You still have the problem that the bits that you cannot just knock up out of old Morris Minor steering columns or AK47 barrels are the bits that break.
I know one person who has legitimately worn out a bike frame, in 40-something years of cycling, and it wasn't me. It was a guy who rode his bike about 50 miles *every single day* and rode from Edinburgh to Glasgow and back a couple of times a week. Eventually it started cracking around the welds.