What is "PG"? I think it's Paul Graham, but I think it's really pointless to make that acronym.
Not knowing what "PG" means can be taken at face value. People can still write amazing comments and submit great news items without knowing or caring who "PG" signifies.
I think you make a fair point. Hacker News is constantly growing and Paul Graham has been less active for many months and since Sam Altman became the public face of Y Combinator, Graham has been less visible and the ability to recognize all the Ycombinator partners by Hacker News user name isn't particularly valuable.