Quick Summary:
- TFTC launches Opportunity Cost, a Bitcoin browser extension
- Shows prices on the screen in BTC and sats rather than fiat
- Promotes the low-time-preference financial behavior
- Advocates the use of Bitcoins and good money
- Absolutely open-source and free of charge
What Is the Opportunity Cost Extension?
Opportunity Cost is a free open-source Bitcoin browser extension created by TFTC (Truth for the Commoner). The extension will allow seeing the online prices not in traditional fiat currencies, but in Bitcoin (BTC) and satoshis (sats).
Whether you are making purchases on e-commerce or comparing the cost of services, this tool will bring Bitcoin right into your daily economic decision-making process and help you more readily view purchases through the perspective of a deflationary digital asset.
“The concept of opportunity cost has been completely corrupted in the late-stage fiat era,” said Marty Bent, founder of TFTC.
A Step in the Bitcoin Standard Direction
The Bitcoin browser extension enables a wider trend towards a Bitcoin standard—a system where all financial decisions, whether it is an individual purchase or corporate treasury management, are calculated in BTC rather than in fiat currencies.
Marty Bent makes a stress on this change of mindset:
This follows a rising trend of businesses utilizing Bitcoin-backed financial services to maintain capital value and minimise fiat exposure, such as Ledn.
Why It Matters: Money Behavior and Good Money
The continuation is not just a convenience, but a philosophical instrument. It supports low time preference behavior, which is a principle of Bitcoin culture that encourages:
- Delayed gratification
- Long-term thinking
- Economic rational decisions
Bent notes:
Bitcoin provides users with a more accurate way of evaluating value by removing the distortions that fiat-based manipulation of interest rates and inflationary policies create.
Who’s Behind It: The Vision of Marty Bent
Marty Bent, the creator of a Bitcoin-centered media outlet TFTC, has been promoting the principles of sound money for a long time. With the Bitcoin browser extension he aims to achieve three things:
- Encourage low time preference behaviour
- Integrate Bitcoin into daily economic activities
- Assist enterprises with determining the income in BTC
It is not monetized in any way (unlike ad-supported or subscription-based models), which was also done intentionally to preserve the tool. Smartphone apps enable an entirely new kind of experience with Venmo, one that is always with you and ready to use.
A Bitcoin-based Future
The introduction of the opportunity cost can be described as a real action towards the normalization of Bitcoin in the normal life. The introduction of more of such tools will see individuals as well as businesses become more at ease with the idea of assessing and transacting in BTC.
It serves as an easy, educational way to get exposed to the idea of incorporating Bitcoin thinking into financial lives of users, and it is completely open-source.
Final Thoughts
In an age of ever more volatile fiat currencies, and a loss of faith in legacy financial systems, new ways of conceptualizing money are needed; Opportunity Cost, a tool developed by TFTC, is one such method.
With the re-pricing of online prices in Bitcoin, the extension assists users in creating a value preservation, financially disciplined mindset, and a long-term orientation.