I used to think this way as well. When I was really young I couldn't stand hot foods at all and thought others were crazy. Then, one day in my 20s, I was out with some co-workers at El Famous Burrito. They were just lobbing on the sauce and I said the same thing to them: "How the hell can you even eat that? You would lose all sense of taste!". They laughed and, for a joke, I took a smell of the hot green pepper sauce from the bottle. I smelled it three times, not believing I was LOVING the scent of it! So, I dabbed a bit on my burrito and took a bite.
That moment changed my culinary life forever! :P
I went from hating spicy to absolutely LOVING spicy foods! I've got all kinds of hot sauces at home. That, and cyan pepper are my staples in a lot of foods I eat now! :P
I guess what I'm saying is my tastes changed over time, and suddenly I enjoyed it. Either that, or I had to have the right kind of spicy. One thing I know is if it's got too much heat with no flavor, it's worthless to me. I want that right balance blend of heat, flavor and texture. Tabasco is dump... but if you like it, go with Franks instead as an alternative. at least Franks has a good pepper flavor, unlike Tabasco. My favorite though is Louisiana Hot Sauce! That just goes with anything and everything! ^_^