The prior poster is spot on. Bitcoin is generated through complete waste. At least I can use gold as a paperweight or a dollar bill to wipe my arse. I can’t do either with Bitcoin. It has zero intrinsic value and was made by wasting electricity and computational cycles. I can’t transact with them without a medium of transaction which requires more waste.
It is worse than a fiat currency. It doesn’t have zero value. It has negative value.
Contrast the cost per transaction of mining Bitcoin with Brinks trucks hauling fiat around. Armies of armed guards.The cost of climate controlled vaults to store fiat. The massive data centers running credit card fraud protection servers for financial centers. Identity theft, I could go on and on.
Blockchain technology renders all this obsolete. The “waste” you refer to enables the most secure network in the history of Man with endless possibilities. “Waste” ? Hardly.