The risk of rot is real and valid, but gravel is small rock and the holdfasts ("roots", which they are not quite) will attach perfectly well if you have a technique for holding it in place without burying the rhizome (I use hairpins) and if there are no fish in the tank which will disturb it while it develops the holdfasts. It can be used as a non-rock, non-wood plant, but it is a very slow process and very much dependent on the patience of the hobbyist and the nature of the tank inhabitants.