Bitcoin is an entire system, a system for creating the conditions of physical cash electronically.

Satoshi's electronic cash system created the conditions for an electronic analog to physical cash.

For the first time ever, data could be cash. And data is analogous to speech, and speech always wants to be free!

So is #Bitcoin still money?

There are

no 'coins',

no 'notes',

no 'currency units'.

There is only a chain of digital signatures(UTXO)

When a new block is found a new special digital signature is created.

The signature announced publicly to anyone who will listen

There are no wallets.

There are only keychains that hold public/private key pair data

Text. Data. Speech.

I think "inflation rate" (even if properly computed) is a misleading metric. A much better one is purchasing power half-life, i.e. how much time until your purchasing power goes down in half.

With a 2% inflation rate, half-life is 34 years.

With a 10% inflation rate, half-life is 7 years!

With a 20% inflation rate, half-life is 3.5 years 😨

The reason for this is that inflation rate compounds, resulting in a logarithmic relationship with half-life. Humans don't find logarithms intuitive, hence why most don't find a 10% inflation rate that daunting.

Compute it yourself:

half-life = log(2)/ inflation-rate

Ils sont où les franchouuillard !????????