Given that this thread is about "DIT and Dailies" I suppose it's relevant to mention that my hourly rate and my gear rental is far more than made up for by the money I save production by generating dailies on set. That's kind of the whole financial key to this. Having a DIT make deliverables on set is so vastly less expensive than having a post house do it, on the order of multiple tens of thousands of dollars over the course of the production, that having a dailies-generating DIT on set is far cheaper for the production than sending all the camera media off to be processed elsewhere. Now, of course, if the major post houses were to reduce their rates for this by several orders of magnitude then the game would change.
As far as my services being "not a good use of time on set", I suppose all I can do is refer you to the multiple ASC DPs I have worked for, and continue to work for, who would passionately disagree with you and who continually request my presence over and over. They clearly think the time spent with me is extremely valuable. And that's not to mention the gaffers and key grips I collaborate with who feel the same way.
So. Let's see… I save the production money, I facilitate far more accurate communication with the colorist than would otherwise be available given current standard production practices, DPs seem to find a huge amount of value in what I do for them… yep, DITs are clearly a pointless extravagance. But you've obviously made up your mind, and that's fine! On the tv series and movies you DP, you will likely have the power to refuse to use a DIT. Every DP should be able to work the way they want to work.