I mean, think of it this way. If I built a web app that took HTTP requests and converted them into a YouTube video, then downloaded and decoded that video in software, and then served the request, you'd say "that's stupid - you're using 10,000x more compute than you need to".

It's a tool, and using the wrong tool for the wrong job is just wasteful. And, usually, overly complicated and frail. So it's only losses.