Truth for the Commoner (TFTC), a media company that advocates bitcoin and sound money principles through a newspaper and podcast, launched the “opportunity cost” browser extension on Wednesday, allowing user to watch online prices to see online prices in Bitcoin (BTC) or SATS.
TFTC founder and contributor Marti Bent underlined the three main goals of expansion, including promoting short -term preference behavior – a reference to the desire to postpone the current consumption to meet the future needs – providing a tool for business owners to adopt bitcoin adopts and to calculate revenue in BTC. Bent told cointelegraph:
“The concept of opportunity cost has become completely corrupt, in the late phase, the interest rate has been coined with manipulation and money printing in the late phase. Interest rate and pricing signals that humanity have depended on taking economic decisions for millennium, are no longer reliable.
The founder of TFTC said, “Bitcoin re -presents a proper barrier rate that enables individuals to really weigh the opportunity cost of their expenses decisions.” The software is open-source and has no revenue models. A barrier rate is the lowest rate of accepting an investor.
The browser extension is the latest in a series of devices, products and services designed to adopt bitcoin and normalize bitcoin standard where all prices and financial calculations are expressed in terms of bitcoins.
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The world adopts bitcoin standard bit from bit
A growing list of companies and financial institutions is adopting a bitcoin treasury strategy, converting a portion of its cash reserves into a long -term savings account for BTC, which earns the value over time rather than depreciating like traditional Fiat cash reserves.
Companies like BTC Lending Company, LEDN have created bitcoin-supported loan products, which provides the option of using property as collateral to secure loan financing to BTC holders.
https://www.youtube.com/watch?v=hpwete2m57a
These debt allow individuals and businesses to finance real estate, automobiles, operational expenditure, capital investment, and even receive more bitcoins without selling any supply-captive property, which can appreciate over time.
These financial services and tasks are the infrastructure required to create a bitcoin standard where all economic calculations, opportunity costs, saving and lending markets, are contained in BTC.
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