Comment by datenwolf

Because the raw value from the timestamp will be very low entropy and have the short scale variation concentrated in just a few bits. A hash not just destroys information, it also creates entropy by mixing that information over all the bits that come out of it. And using 64 bit hash replacing a 64 bit nanosecond counter that has short term entropy of less than 16 bits, you're in fact reducing the likelihood of a collision by a factor of 2^48.