Need I say more? Unless you switch over to their new stupid systems, you lose your account that you paid for.
When Oculus announced merging with Facebook accounts, people started searching for an option to create an unmerged Oculus account for a reason. I found an option to do so a week ago and I’m still keeping it unmerged.
Centralizing things is just a stupid thing overall. “Oh hey, you need X account to log in to X, Y, Z, and A? Well, too bad, X is down, so also no Y, Z and A.”