The problem with *notify is that it's a push-based system: the receiver (ie the process that is interested in changes) needs to be running to receive a change. Because there is no ACK, if it's not running, you miss changes and there is no way to get those events. Also, even if you received the change but have some failure to process it, you must find a way to not lose the change.

What the USN Journal does is implement a pull-based system: the sender stores everything, and the receiver queries the sender when it wants/can, on its own rhythm, starting from an offset it manages. In a generic pull-based system the sender can optimistically send a notification for the receiver to be informed as soon as possible.

I have my own personal views, but a push-based system with no acknowledgments only makes sense if missing events is ok, typically because you know you'll receive another event about the same "thing" in a short time; this system is not viable for file changes. A push-based system with acks requires the sender to register each receiver, which is a bit heavy. A pull-based system is just the simplest to implement and solves all problems.