They don't capture semantic intent that well compared to Operational Transforms when conflict arises.
https://www.tiny.cloud/blog/real-time-collaboration-ot-vs-cr...
Some teams also encountered engineering problems using them.
https://news.ycombinator.com/item?id=24186883
Done properly however, they can be magical.
http://archagon.net/blog/2018/03/24/data-laced-with-history/...