To be fair there is also: share, new, open, make a copy, email, download, make available offline, rename, move, make a shortcut in drive, move to trash, publish to the web, document details, language, page setup, and print.
That is just for the file menu. There are 7 other menus each with their own long list of options.
IIRC the version history only shows snapshots hours apart. Not the sensitive info some of the millions of users have accidentally pasted in and deleted within seconds — which now everyone they share edit access with years later can see, as well as Alphabet and the various alphabet-soup agencies of the government they share a revolving door with.
File -> version history