Yeah, I agree with most people that have been saying that wars are mainly for fun, not loot. The loot bonus for me usually ends up being a bonus in gold and DE but a loss in elixir since I do mass dragon raids. I don't really mind though because I don't need elixir as a 2/3 done TH8. To be honest, even if wars offered significantly lower loot bonuses I probably wouldn't care too much because if I win I typically get like 500k of gold and elixir and 1k DE which is like 30 minutes of regular raiding with Barch instead of mass dragons in war.
Another reason I like wars is because it is the only time you are really trying to get a 3 star raid and improve your raiding skills. Farming is just picking off collectors and exposed storages. Even trophy pushing nowadays is mainly just TH sniping or Barching weak bases for a 50%. You have to actually try to get 3 stars and destroy everything which takes a lot of strategy as opposed to farming.
A last reason for war is that it brings the clan together, which is important.




