Bitcoin's All times high : 3 Slaves, 5 Kalashnikovs or 1 kg of heroin?

Articles are pushing out other articles on the incredible story of Bitcoin: how to also benefit from it? is it too late? will it break the $50,000 barrier? or even a million bucks!

Interesting reads... are they?

It seems to me people have lost sight of the big picture here.

Bitcoin is a speculatory device. Not IMO designed to do so or harm in any way, animated with a genuine willingness to create 'sort of freedom' (that one may or may not agree with), but let's face it, Bitcoin is deprived today of its original goal.

Bitcoin was, from what I read from various sources, issued to be an alternative to existing (judged malevolent) payment systems.

It was created to allow people not in line with the existing payment industry to have 'another way' of paying.

Like you don't want to add up to carbon emissions, you drive an electric car. It is another way of moving about (I am not starting a debate here).

But as often, (great) innovations are ripped from their original goal and used totally differently.

As an example, I don't think Social Networks were created originally to help small groups of hatred makers to join and develop their evil plans, were they?

So it is for Bitcoin. I'm not sure it was developped to help finance slavery, weapon or drug deals.

But some did find it very useful and handy to serve illegal purposes.

Now, in many articles and announcements, we read Bitcoin this, Bitcoin that, become millionaire with Bitcoin,...

But let's face it : it's like the casino or the lottery. Each and every winner did participate and won... but how many lose a lot?

This is a closed system. There is no "creation" of value. It is a cousin of Ponzi scheme. The income of winners comes from the future loss of credulous followers that are betting on increasing value of... nothing.

Winning money with Bitcoin is actually benefiting from the lack of fortune (to be politically correct) of your next door neighbour...

Lastly, focussing on a FIAT currency value to Bitcoin is also putting a 'decency veil' onto the usage that is made of Bitcoin (again, what Bitcoin has been diverted to do).

When we all saw the infamous anonymous $1.1 billion (161,500 BTC) transaction, did we ask ourselves "what was the counter part of it"?

1 billion red roses as a proof of True Love? Would be nice!

An incredible engagement ring (a Reality TV diva did it again)? Would be possible.

or

Cases of weapons to kill innocents?

Bags of drugs to slowly kill our youths?

Or things I rather not even imagine?

The more transactions there are on Bitcoin, unfortunately, the more diluted, the more invisible these illegal transactions become.

One last thing :

If Bitcoin was only $1, the whole market value would be... $31M! What would the illegal activities do with only $31M ?? Not much right!!

The more we keep bitcoin value up, the more it serves misuse of it. Why not bearing that in mind before signing our next transaction?

But that's just me.