Wow, this is complete foolishness.
How does my failure to read a notice have anything to do with
an obviously bad practice? Red herring!
Also what does the fact that this is a community effort have
anything to do with an obviously bad practice? Another red
herring. Community can also work to point out failures like this
and work to fix them.
The password protects low security information but I am not
even sure where else I use that password. And this itself is
another red herring.
Passwords in clear text are universally and absolutely BAD.
You can justify the fact that no one has time to fix it. That I
understand but the rest of these arguments are purely specious.
Then I presume that you only use https (and never http) to access
web sites, sftp (and never ftp) to send data, and use SSL to fetch
your email, and only use sites that support these with keys you know
you can trust.