The "green padlock" was not considered enough because users would not be able to differentiate it from a big lock symbol within the page. Thus we got HSTS.
(There was a time when browsers would color the entire URL bar yellow to indicate https, but that went out of favor many years ago.)
Moxie deserves respect for the web vulnerabilities he discovered and raised awareness about years ago, and for his general competence at cryptography. But in recent years he's shown himself to be willing to make catastrophic sacrifices to make security applications popular and viable for the "lay person".
If the "lay person" ignores the non-obtrusive key changes, and difference between single and multiple checkmarks (and the timing of them, whether single changed to double after a key change), and just trusts that "I heard WhatsApp is secure, so I'm good to go", then so much is sacrificed that there wasn't any point in the exercise to begin with. Except that real solid systems, with direct user control over key continuity, and fully open-source, are undermined by the confusion with these "lay person" super-convenient closed-source systems.