Burning cycles is the glue that binds a new block to the chain. The strength of this glue is what enables bitcoin's censorship degree of resistance. You may fin

Burning cycles is the glue that binds a new block to the chain. The strength of this glue is what enables bitcoin's censorship degree of resistance. You may find censorship wasteful (and I don't particularly need that either), but the entirety of the bitcoin economy disagrees. Similarly I think people who have a two hour drive to work is wasteful.