My nine and ten year old self would have agreed vigorously with you. I spent two fairly miserable years in a private Baptist school with daily Bible study and we did memorize the Bible. Seemed useless and pointless.
But, it stuck with me and it has stuck with anyone I have ever asked about it. Bible verses arise unbidden out of my mind in certain situations to this day. A fuller understanding came later, but the memory remained.
Don't knock it until you've tried it. There's more than meets the eye to that practice.
I agree. Memorization is unpleasant in many ways, but the verses come back to you later when you need them. I have used memorization not only for the Bible, but also as the only way for me to become rapidly proficient in several foriegn languages.