Post
Topic
Board Bitcoin Discussion
Re: Bitcoins have lost $210,000,000 USD since June 9th 2011
by
the founder
on 27/09/2011, 20:02:00 UTC
Well using this math every time BTCUSD moves $0.01 its costing someone $73K.

Correct!!   it's costing the market $73,000 (or increasing the value of holders by an aggregate amount of $73,000)

So looking at mtgox I can move the price up a penny by buying $800 of coins right now. Makes you wonder why no one is doing this. $800 = $70K. Its like a printing press with this new math.

It's not new math,  it's how things have been done since the Egyptians and Romans measured their relative Money Supply