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.
Hey, if you believe Bitcoin is so great, I also have some old Enron stocks I think you’ll be interested in!