It's really sad. When this was introduced (With Lion I believe?) it was such a cool feature to demo to people that didn't have much exposure to Macs yet at that time. Just deleting and restoring a file on the Desktop with the "Space UI" and backups just being there and working without buying complicated backup software was a genuine peak macOS moment.
Now I'm barely using it as every few months I'm prompted to just delete the backup and start fresh because something corrupted.