What is Bitcoin, Unit of Account?
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Bitcoin, Unit of Account
A chrome extension to replace amounts of US$ by Bitcoin. When reading the news or shopping online you constantly see the price of things in US$ and mentions of US$ amounts spent by corporations and the government. This Chrome extension converts US$ -> bitcoin in some of the most popular online newspapers available in English, as well as Amazon and Wikipedia.
Why?
In the discussions about cryptocurrencies one of the most prominent topics is whether Bitcoin will ever become a unit of account, in other words, will currency amounts ever be expressed in BTC, not US$? I created this extension for fun, and to let you experience such hypothetical future where bitcoin is used as a unit of account. In no way it reflects a belief this future will happen so do not interpret it financial advice. If you ever had the curiosity to know how would it feel reading news and shopping online with bitcoin as a unit of account, this extension is for you.
How does it work?
When you turn on this extension, and browse an enabled website, at each webpage it will:
- wait a few seconds, so most of the dollar amounts become available. This is especially important on online stores, as they typically make personalised recommendations for you by loading the products and prices on the fly, while you browse the website.
- retrieve the current bitcoin price from https://api.coindesk.com/v1/bpi/currentprice/USD.json ("powered by Coindesk")
- run a script that reads all dollar amounts on the page and convert them to bitcoin.
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Bitcoin, Unit of Account requires very minimum permissions.
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Bitcoin, Unit of Account has earned a good reputation and can be trusted.
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