They do, but there are use cases where you can sacrifice censorship resistance to achieve some immediate goal.

One of the latest cool things I saw was the ability to use ecash tokens as API keys. So, say someone provides API endpoints you value and runs their own mint. In this case it doesn’t really matter if the financial side is centralized cause the same party provides the service and ensures financial interactions.

There are many more examples where ecash can be beneficial.

Again, I’m not saying it is a panacea, but rather a tool that can improve upon many current solutions.