Hmm... yes, now my bid might be too high! With a 6 day auction both the buyer and seller don't know what the price of the coins will be.
Heh, that's the old way of thinking, David
The number of bitcoins stays the same, it's just the value of the USD that's changing (when measured in BTC).
On the
FAQ at bitcoin.org, Satoshi* could have written this:
...the competition for coin creation will drive the value of the coin close to the price of electricity needed for generating a coin
but notice how he said it this way instead:
...the competition for coin creation will drive the price of electricity needed for generating a coin close to the value of the coin
We should stop thinking of USD as the standard measure of value.
*I presume it's Satoshi who wrote those words
