No, no, no.<p>The amount of power wasted by BitCoin indirectly depends on the monetary turnover of the system. Because if somebody can spend $1mln to perform 51% attack and move around $1bln, that will likely be done.
Hence, the power wasted is proportional to the turnover of the system. Otherwise, it does not work.<p>Also, when a bank charges me 1% for a wire transfer, they pay salaries from that money and some people buy food. The power burnt by BitCoin is actually literally immediately irrecoverably physically <i>wasted</i>.