A growing band of young evangelists believe the virtual currency bitcoin is the economic future. But how long before regulation catches up with them? My goal is to get rich, ” says Jonathan Mohan, blunt as you like. Given that the 23-year-old Queens native is studying entrepreneurship …ere denied the ability to finance deficits through printing money. “Would you rather buy a diamond or a blood ­diamond?” he asks rhetorically. “Obviously a ­diamond. So, would you rather use a Bitcoin or a dollar? When I gave someone $5 in Bitcoin, I didn't kill any ­children in Iraq.”

Over the weekend, we reported that as Bitcoin's unprecedented, Caracas-like surge continues, legislators are finally starting to pay attention to the digital currency, a process that will culminate with a hearing on November 18 titled "Beyond Silk Road: Potential Risks, Threats, and Pr…like the fiat currency it is trying to replace, at least in the eyes of the government. At which point the primary utility of Bitcoin - as an unregulated medium of exchange- itself disappears. Ben Lawsky with a Bloomberg terminal featured prominently in the background, photo credit NYT

My previous article on Litecoin mining I discussed how you can get started mining Litecoins, an alternative to the Bitcoin crypto-currency, using your spare CPU cycles. If you’re GPU is already mining Bitcoins , using your CPU to mine Litecoins may be an obvious choice. However, if you…ing bfgminer with the basic command-line parameters yields similar results. As indicated in my previous article I use the –no-opencl-binaries to work around a crash in bfgminer with multiple GPU’s on OS X. bfgminer --scrypt -o host:port -u username -p password -d 0 --no-opencl-binaries