Every capital allocation which is not keeping up with Bitcoin is wasting energy. We still have sooo much more waste to go around. 

People don't see it, but all of it means capital misalocation, and somewhere down the line, someone has to work twice as hard for the same profit.

Imagine what moral it creates in a single team if you know someone is getting paid 50% for their efforts vs someone else. Then translate it to the macro level... No surprise everyone is so disillusioned and nihilistic all the time.