I’d like to add to the ‘discussion’ that even if you think encryption isn’t important, if you don’t encrypt your data and even if no one is interested in you in particular, a malicious entity could still use your unencrypted data as a stepping stone to someone else who does encrypt their data (or who is actually even at high risk). For example, I could be a complete nobody, but a friend or even just a contact of mine could (unbeknownst to me) be a target of political persecution. The malicious entity can’t access my friend’s data because it’s encrypted, but they can just spy on my unencrypted phone to find out a lot of information about my friend. I would therefore be directly responsible for any damage the malicious entity does to my friend. Do you really want to have the ‘choice’ to expose your friends to those who want to hurt them?
Well, to me that just shows it’s a good lock. I wouldn’t want anyone who stole my phone being able to steal my data (or impersonate me) because there was a backdoor in case I forgot my own password. Is that a downside? Yes, in the same way as it is a downside that you’ll have to walk home from the pub if you lost your bike key, or that you can’t get in your house if you lost the key, or that your money is inaccessible is you forgot the pincode for your bank. Losing important data is a valid concern, so just make backups and you won’t lose data in the (unlikely) case you forget your own password.
Side note: just yesterday I came across a truly bizarre rant-video (with hundreds of thousands of views) on YouTube of someone who bought a permanently locked (i.e. stolen) original Jolla Phone on eBay and was furious that he couldn’t get the data off it with a single click - and that was just pin-locked, not even encrypted. For some reason he seemed to think that Linux being ‘open’ source meant that you wouldn’t need a password. Most of the comments displayed the same lacking-in-brain-cells thinking.