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I agree that my usage of the word is orthogonal to whether that deliberate inefficiency is worth tolerating, but regardless of whether you'd use a different word than "inefficiency", this is still an important point to understand because it helps us understand that the energy expenditure in Bitcoin is not going away and would in fact need to drastically increase if it ever became a universal global financial market, and in fact is incompatible with goals of cheap or universal access to abundant power or minimization of energy waste -- the security of the network depends on that outcome not happening. Find out about Bitcoin's halving process works and what it means for Bitcoin's price and its users. PoW only secures a network if it uses so many resources in its computation that attackers cannot get access to enough resources to launch a worthwhile attack. You're coming into a conversation extremely late, looking at the people who invented the thing you're calling revolutionary, looking at their claims which ended up being proven wrong, and saying, "it's actually everyone else who doesn't understand what's happening here. Which sure, honestly I agree with that strategy, but it should give people pause that making a currency usable involves avoiding the underlying technology behind it.