So much work and waste. By design it tends towards a specialized group controlling the system. Large miners just replace bankers and it cost more to do anything.
it's an alternative currency, it's point is exactly the same as any other currency. What's the point of euros ? why can't they just use dollars like we do.
The point of Euros and Dollars is so a nation or group of nations has democratic power over their own monetary policy. Bitcoin originally presented the idea of a never changing monetary policy but as forks have come and gone and power is beginning to concentrate in career miners that no longer seems to be the case.