Truth for the Commoner (TFTC), a media company advocating for Bitcoin (BTC) and sound money principles through communication and podcasts, launched the "Opportunity Cost" browser extension on Wednesday, allowing users to view online prices in Bitcoin (BTC) or sats to weigh their purchasing decisions.
TFTC founder and contributor Marty Bent outlined three main goals of the extension, including promoting low time preference behavior—referring to the willingness to delay current consumption to meet future needs—boosting Bitcoin adoption, and providing business owners with a tool to earn income priced in BTC. Bent stated in an interview with Cointelegraph:
"In the late fiat currency era, the concept of opportunity cost has been completely distorted due to interest rate manipulation and currency printing. The interest and price signals that humanity has relied on for thousands of years to make economic decisions are no longer reliable."
"Bitcoin reintroduces a proper threshold interest rate, allowing individuals to truly weigh the opportunity cost of their spending decisions." The TFTC founder also mentioned that the software is open-source and has no revenue model. The threshold interest rate is the minimum return rate that investors are willing to accept.
The browser extension is the latest in a series of tools, products, and services aimed at promoting Bitcoin adoption and standardizing Bitcoin metrics, where all prices and financial calculations are denominated in Bitcoin.
An increasing number of companies and financial institutions are adopting Bitcoin reserve strategies, converting all or part of their cash reserves into BTC as a long-term savings account that appreciates over time, unlike traditional fiat currency cash reserves that depreciate.
BTC lending companies like Ledn have already created Bitcoin-backed loan products, providing BTC holders with the option to use the asset as collateral for debt financing.
These loans allow individuals and businesses to fund real estate purchases, cars, operating expenses, capital investments, or even acquire more Bitcoin without having to sell any limited-supply assets that may appreciate over time.
These financial services and functionalities are essential infrastructure for creating a Bitcoin standard, where all economic calculations, including opportunity cost, savings, and lending markets, are priced in BTC.
Related: Financial Times: Peter Thiel-backed crypto exchange Bullish has filed for a U.S. IPO
Original article: “Bitcoin Advocacy Company TFTC Launches Real-Time BTC Pricing Browser Extension”
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