It is perfect for laundering large amounts of value, transacting in business that might not be legal but is between consenting adults (sex work and all the shades of that, pharma/recreational drugs), or for storing your value somewhere that can't be confiscated or inflated away by your local government. You might be willing to tolerate some loss if these are your threat models or use cases (versus being wholly unable to transact).
Everyone else is better served by instant payments with utility pricing provided by a neutral party, such as a central bank or their delegate responsible for implementation and ongoing operations of the system.
Everyone else is better served by instant payments with utility pricing provided by a neutral party, such as a central bank or their delegate responsible for implementation and ongoing operations of the system.