Originally Posted by oneclick

"Failure from "over-tightening" is caused by repeated re-tightening of properly installed cranks. In use, an aluminum crank squirms on its taper and, because the retaining bolt prevents it from moving off the taper, it elbows itself away from the bolt and up the taper ever so slightly. The resulting loss of preload, after hard riding, can be detected by how easily the bolt can be turned.Loss of crank bolt preload is greater on left than the right cranks, because left cranks transmit torque and bending simultaneously while right cranks transmit these forces separately. The left crank transmits driving torque through the spindle to the right crank and chainwheel while the right crank drives the chainwheel directly. Besides that, the right crank transmits torque to the spindle only when standing on both pedals. Doing this with the right foot forward (goofy footed) is the only time the spindle transmits reverse torque.

Mechanics, unaware of why crank bolts lose preload (and commensurate crank tightening), have re-tightened bolts until cranks split. No warnings against re-tightening properly installed cranks are evident although it is here where the warning should be directed rather than at lubrication.
[...]
Crank "dust caps" have the additional duty to retain loose crank bolts. Because crank bolts lose preload in use, they can become loose enough to subsequently unscrew and fall out if there is no cap. If this occurs, loss of the screw will not be noticed until the crank comes off, after the screw is gone."

(Attibution should be unnecessary.)