Link-only login is the most underused security option, even more so for low-profile sites that need a minimal user account but do not really need full-on security.
I.e. what Facebook does if you don't log in for long enough. Two days ago I got a pair of messages to the same address with links to completely bypass login and verbiage about how they'd seen I was having trouble logging in followed an sms message with the same to a phone number they're not supposed to be using. It looks a lot like phishing, but it comes out of Facebook's servers and they've done it to me before.
I'm not the poster you're replying to, but: Facebook collects asks for your phone number for security/account recovery reasons, but then turns around and uses it to market to you.
Basically. Most websites already make you login with an email and verify you have access to that email and use the email as a password recovery mechanism. May as well just use the email itself as the login.
Of course if everyone did this, then all of your logins would have the same password (your email login).