Earlier quoted context omitted.
Right now if you re-install Signal on your device, you lose all your messages. That's already a very bad user experience, but imagine how much worse it would be if you lost your entire address book in that moment as well. Right now that's not a problem because your social graph is in the address book on your phone, and isn't managed by Signal. This is one of the primary reasons that Signal uses phone numbers for addr…
I can see why the ability to store a social graph and other metadata on Signal's servers would be a useful feature for users who don't want to tie their Signal data to their phone number and/or a plaintext social graph, and it would make sense to give users the opportunity to opt into that functionality. But for those of us whose social graph is our phone's contact list, having it forced upon us is a significant step…
In my opinion as power users we forget what regular users want and need, and are not willing to give up a little of what we like. But think of the benefits (phoneless sign ups and much much better private groups, to begin with) and tell me they don't outweigh the cons (a PIN prompt once every 2 weeks, in the marginal case).