Distorted price signals from fiat currencies have destroyed the ability to make rational economic calculations, according to Truth for the Commoner founder Marty Bent.
Truth for the Commoner (TFTC), a media company that advocates for Bitcoin and sound money principles via a newsletter and podcast, launched the “Opportunity Cost” browser extension on Wednesday, allowing users to view online prices in Bitcoin (BTC) or sats to weigh purchasing decisions.
TFTC founder and contributor Marty Bent outlined three main goals of the extension, including promoting low time preference behavior — a reference to a willingness to defer present consumption to meet future needs — increasing Bitcoin adoption and providing a tool for business owners to calculate revenue denominated in BTC. Bent told Cointelegraph:
“Bitcoin reintroduces a proper hurdle rate that enables individuals to truly weigh the opportunity cost of their spending decisions,” the TFTC founder said. The software is open-source and has no revenue model. A hurdle rate is the lowest rate of return an investor will accept.
