I've been a user for nearly 10 years and still only a few people in my circles uses Signal. If they go through with this, Signal is as good as dead.
Well for what it’s worth it sounds like you weren’t really using Signal for secure messaging anyway… so not much of a loss.
To me this feels like signal not understanding that their intended userbase and their actual userbase are very different, as I can't imagine the number of people that use signal solely for it's e2ee is comparable to the number of people that use it as their sms app.