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 1. It has no intrinsic value.
2. It is hated by those who like controlling others (socialists/post modernists). This might not seem like a flaw, bit since these people control government, it means that its users would be relentlessly prosecuted.
3. It's hard to get into. Because of no. 2 it's hardbto convert local currency to monero 
 4. The price ;) 
 Are you talking about transaction fees? 
 What are the transaction fees of Monero? 
 around $0.01 
 That doesn't sound expensive..