I never understood this complaint. You won’t get a “loop trace” when you convert your tail calls into an iterative algorithm. And your code will be less readable to boot.
V8 team decided that it's not worth it, since proper stack traces (such as Error.stack) are essential for some libraries, such as Sentry (!). Removing some stack trace info can break some code. Also, imagine you have missing info from the error stack trace in production code running on NodeJS. that's not good. If you need TCO, you can compile that code in WASM. V8 does TCO in WASM.
Most Bun users don't even know about this (unless they are bitten by this). That doesn't mean absolutely no one cares or would not care even though such complaints might be uncommon.
