Passcode and ApplePay

I understand their needs to be security and passcode protection for iPay in case of theft, etc.

However, I (personally) think a passcode for the watch is a little ridiculous. I cant see having to enter a passcode each time you use the watch. Mine is disabled, and thus, I cannot use ApplePay. I think there should be an option to just enter a passcode when using ApplePay itself. Looks like if the watch is connected to you phone and it is stolen or lost then it wouldn't authorize apple pay if your phone is missing.

Like I said, I know there needs to be some kind of security, I just don't get having to enter a passcode each time you raise your wrist and wanna use your watch.