SMS is an anti feature at this point. This just moves the problem. Arguably email is actually better than SMS and that's not saying much. It's the difference between getting stabbed and shot.
What's the most common thing that people have stolen: wallets and phones. Lots of people have cheap phones, pre-paid sims, or worse. Tying your identity to some phone number that should be treated as temporary only to get locked out of your account some years later is just not great.
Here's a list of reasons people change phone numbers:
- they have a prepaid number and they switch to a different provider
- they travel and use a different sim while traveling
- they change job and lose access to their employer provided phone
- they change operator and the operator declines to take over the old number (happened to me in Germany)
- their phone number ends up on some list of scammers and to get out of the non stop spam by simply getting another number