Currently, after talking with the DO support team, they said if I lose my phone, or it gets stolen/broken etc the only way I can get back into my account is by using a drivers license or a passport, neither of which I have or plan on having. So essentially if anything happens to my phone I am entirely and 100% screwed.
Google realises the importance of this and when you enable 2factor you can create a set of backup codes that are a one-time-only use to get logged in, at which point you can disable 2factor if you need to.
I cannot "protect" my Digital Ocean account with something that can permanently lock me out of my account forever just because I neither have or would ever send over the internet a passport or drivers license.
I strongly urge Digital Ocean to implement a backup code solution ASAP so that people can remain save and secure while having the safety net of being able to use the backup codes in conjunction with the user account password to get back into the account during a failure of 2factor technology (lost/broken phone etc).
People put the authenticator app on their phone... the same phone they receive SMS messages on... So really it is one basket to carry your eggs in. You must have a backup plan that does not force people to buy passports and send them over the internet!?!