Are the claims/proof sketch made in the next section valid?
My work
I've become interested in other ways of (ultimately) constructing the real numbers.
Consider the ring $\mathcal R$ of Laurent polynomials over the integers,
$\tag 1 \mathcal R = \{ \displaystyle{\sum_{k={-n}}^n a_k x^k} \mid a_k \in \Bbb Z \}$
Define a set $\mathcal I$ given by
$\tag 2 \mathcal I = \{ (x-2) \displaystyle{\sum_{k={-n}}^n a_k x^k} \mid \text{ where } a_k \in \Bbb Z \}$
The set $\mathcal I$ forms an ideal. the quotient
$\tag 3 \mathcal B = \frac{\mathcal R}{\mathcal I}$
contains the integers. Moreover, $2^{-1} \in \mathcal B$.
An immediate problem now is that a number in $x \in \mathcal B$ can have different representations of the form
$\tag 4 x = \displaystyle{\sum_{k={-n}}^n a_k 2^k}\quad \text{where } a_k \in \Bbb Z$
Lemma 1: Let $x \in \mathcal B$ satisfy $\text{(4)}$. Then an algorithm can be applied transforming $x$ into the form
$\tag 5 x = \displaystyle{\sum_{k={-m}}^m b_k 2^k}\quad \text{where } |b_k| \lt 2$
Lemma 2: Let $x \in \mathcal B$ satisfy $\text{(5)}$ with $b_m \gt 0$. Then an algorithm can be applied transforming $x$ into the form
$\tag 6 x = \displaystyle{\sum_{k={p}}^q c_k 2^k}\quad \text{where } p \le q \land c_k \in \{0,1\}$
Lemma 3: Let $x \in \mathcal B$ satisfy $\text{(5)}$ with $c_p \ne 0$ and $c_q \ne 0$.
Then all the coefficients $c_p, \dots, c_q$ are uniquely determined.
Proof
If we have two representations then using an argument similar to the one found here can be used to show that $x-2$ can't divide the difference so by ideal theory we have uniqueness. $\quad \blacksquare$
Theorem 4: Every number nonzero number $x \in \mathcal B$ has one and only representation, either in the form
$\tag 7 x = \displaystyle{\sum_{k={p}}^q c_k 2^k}\quad \text{where } p \le q \land c_p = +1 \land c_q = +1 \land c_k \in \{0,+1\}$ xor $\tag 8 x = \displaystyle{\sum_{k={p}}^q c_k 2^k}\quad \text{where } p \le q \land c_p = -1 \land c_q = -1 \land c_k \in \{0,-1\}$
Moreover, $\mathcal B$ is naturally endowed with a dense total ordering.
Note: The proofs are similar no matter what 'base' is chosen. So you can also construct, say, decimal fractions in this manner.