See https://discourse.phabricator-community.org/t/cant-run-daemons-with-phd-trace/4111/.
If you set phd.trace, we may eventually call posix_isatty(STDOUT) from a context where STDOUT exists but has been closed.
Although the posix_isatty() tests could likely be refined, phd.trace also seems like it isn't very useful in modern Phabricator (I haven't used it diagnostically in many years) and it can probably just be removed.