It is absurdly scalable in contrast to other filesystems, and extremely reliable. Also, you get per-file control over replication level (file-level durability/availability), plus comprehensive permissions management.
I also miss being able to write files with /ttl=72h/ anywhere in the path and knowing they will be cleaned up automatically without me doing any more work. In contrast S3 just rots. Need to find an intern to write an SQS pipeline to schedule file deletions :)
It's practically useless by comparison.
With Kerberos it kinda works, each client is bound to a UID instead of blindly trusting the client, but very few people nowadays deploy this ancient tech (and it's fragile).