I agree that them having users’ phone numbers isn’t ideal. There are other identifiers they could use that would work just as well. However, both the client and server are open source, so you can build, at least the client, yourself. If you can content yourself that it does not leak your ID when sending messages, then you don’t need to trust the server as it does not have the information to build a graph of your contacts. Sealed sender seems to have been announced in 2018, so it’s had time to be tested.
Don’t get me wrong, the fact they require a phone number at all is a huge concern, and the reason I don’t really use it much, but the concern you initially stated was addressed years ago and you can build the client yourself to validate that.
I enjoy reading dead tree books as much as anyone, and whilest the publisher/distributor can’t take it away, there are plenty of ways you can lose access to them. Fire and flood being the two obvious ones, whereas digital books can be backed up offsite. It’s also easier to carry many books when they’re digital compared to physical.
For books I care about I try to get both a physical and a (drm free) digital copy for the best of both world.