We need a reality check on Bitcoin (despite what you read in the mainstream news). Less than 1500 people currently own the vast majority of all the bitcoins so far issued. Most of us do not use bitcoins nor want them. However, criminals who want to sell online illegal drugs, fake passports, credit card identities, porn, even weapons do want to be paid in bitcoin because it is practically untraceable. The proponents of this so called free cryptocurrency laud it for its untraceability and its low cost to transact. On both counts they are right. The transaction fees are lower than regulated financial institutions. Yet Bitcoin's contribution to growing online black markets, including drugs, money laundering, tax evasion and crime cannot be ignored. Our youth do not need this tsunami of easily accessed globally sourced online illegal drugs in their faces. In 2011, one online illegal drug website existed - now 14 plus sites exist. It is Bitcoin that has enabled this to occur.