There is Bitcoin inflation, but not in the way you might think. In fact, Bitcoin is deflationary, not inflationary. You often hear the phrase "Bitcoin is deflationary," but it's incorrect. Each time a block is validated, new bitcoins are created to reward miners for their computational work. This issuance increases the total amount in circulation, just as a state's monetary base increases with money issuance. The difference is that no one decides this; it's all written in the code. Bitcoin inflation equals the ratio of the existing stock of bitcoins to the new amount issued in a given time interval. Currently, Bitcoin inflation is around 0.83% per year and will be cut in half after the next halving. In the fiat system, inflation arises from political and monetary decisions, such as interest rates, emissions, and fiscal stimuli. However, in the Bitcoin protocol, it is an algorithmic constant. Every 210,000 blocks (approximately four years), the reward is halved. This results in a finite, deterministic, and transparent supply curve down to the last decimal place, converging to 21 million BTC. In Bitcoin, inflation does not destroy purchasing power. Initially, it serves as an incentive that allows the network to exist until transaction fees become sufficient to maintain it. It is not an invisible tax; it is a rule that applies to everyone equally. While inflation in fiat currencies redistributes wealth without consent, Bitcoin distributes security fairly. Every miner participates under the same conditions; no one can create more than the protocol allows. With each halving, the number of new bitcoins decreases by 50%. Thus, the supply curve flattens and scarcity increases mathematically rather than emotionally. It's a law of digital nature: over time, Bitcoin transforms from a technical means into a social good. By 2140, issuance will be zero. Although inflation will be eliminated, the network will continue to function; energy will sustain trust, not politics. Bitcoin is not "deflationary"; it is a system of predictable and decreasing inflation based on energy, code, and transparency. It does not promise returns; it promises temporal equity. What you receive today is proportional to the time and work you have spent, not a central decision. Fear arises from disorder; trust arises from predictability. #deflationary #inflation #bitcoin #timechain #algorithm #power #miner #supply #2140 #fear #trust

Bitcoin as a social asset: Freedom to understand. We have discussed inflation, credit, trust, and deflation. The question now is not economic, but human: What does all this have to do with freedom? Bitcoin is not a myth; it is a lens. It reveals how money is created, who receives it first, and how trust is distributed. It is not an escape from the system but rather a means of understanding and correcting it. Bitcoin is the infrastructure that gives everyone the right to act economically, even when the traditional system fails. Bitcoin is a social good because it provides everyone with the same opportunities: a bank account for the unbanked, It provides a verifiable tax position, access to energy, water, knowledge, and exchange. Bitcoin is based on energy, which fuels life, freedom, and progress. Therefore, it reduces waste and optimizes the use of global resources. Bitcoin does not promise equality of results, but rather, equality of rules. It transforms responsibility into a conscious choice. Bitcoin does not divide people into believers and skeptics. Rather, it separates those who understand from those who delegate. Those who understand the system are not swayed by fear. True freedom lies in widespread economic competence, which restores dignity and autonomy to the individual. Every society is based on trust. When trust is concentrated, it dies out. Bitcoin distributes trust over time, space, and among people. However, without education, freedom becomes risky. Understanding is the first form of security. The price changes. The rules do not. Bitcoin is not a refuge; it's an invitation to understand, choose, and participate. It is not a currency; it is a cryptoasset, combining energy, technology, and freedom. Bitcoin is freedom because it works when everything else stops. During crises, wars, or famines, it continues to operate. It discourages conflict by redistributing power and trust. It gives a voice to the voiceless. Fear is cured with free knowledge. Always. All shared knowledge becomes a social good. Bitcoin is an example of this. Study Bitcoin. #study #bitcoin #asset #social #freedom #knowledge #good #fear

Bitcoin is a distributed cryptoasset in a world of credit. Inflation, credit, deflation, and trust. We have seen how the flow of money determines who wins and who loses. The question now is where Bitcoin fits into all this. Bitcoin is a distributed economic network that records transactions on a public ledger called the timechain. It is neither a company nor a currency. Rather, it is a distributed cryptoasset, which is a digital asset based on cryptography and energy. Its protocol defines a predetermined supply of 21 million units. No authority can change this supply. The rules are public, verifiable, and the same for everyone. Bitcoin is not a "base currency" and is not intended to replace existing currencies. Rather, it is a monetary technology that introduces a new level of transparency, discipline, and freedom of choice into the system. A non-discretionary supply provides a stable point of reference over time. In the short term, the price in euros or dollars fluctuates, but in the long term, credibility based on scarcity—whether energy, mathematical, or digital—is key. Bitcoin's value does not measure wealth but rather the progress of the technology that underpins it. In the traditional system, new money enters from the top and does not reach everyone equally. Bitcoin, on the other hand, is created from the bottom up, and anyone can access it without permission. There is no "first beneficiary" (Cantillon). Even if entry channels (institutions) recreate asymmetries, the protocol remains neutral and accessible. In the world of credit, money is created out of thin air. In Bitcoin, not so much. Credit may exist, but it does not create new BTC. The supply remains fixed; debt cannot inflate the underlying asset. This is why Bitcoin separates real value from leverage. Bitcoin does not eliminate economic cycles, but it makes them more predictable. It introduces monetary disinflation, which is beneficial if productivity grows but risky if trust is lacking. Its rules do not change based on governments or crises. This stability creates a new area of individual responsibility. Bitcoin's underlying asset is energy. Proof-of-work links security to the physical cost of maintaining it; each block is the result of real work. This cost is not waste; it is the cost of security. Integrating this network with waste energy, whether renewable or nuclear, reduces waste and improves the system's overall efficiency. Bitcoin does not promise returns. It promises verifiable rules. Bitcoin is not a currency, but rather a distributed asset that restores voice and responsibility. In a world based on credit, this is an epochal change. #bitcoin #distributed #cryptoasset #world #economy #network #public #proofofwork

The deflationary spiral is the silent brake on hope. Everyone fears inflation. But few remember that deflation can also be destructive. Not because "prices fall," but because when they do so for the wrong reasons, the entire economic system begins to shut down. Deflation is the persistent reduction in the general price level. A "deflationary spiral" occurs when this decline feeds on itself: Prices fall, consumption is postponed, production is reduced, redundancies occur, unemployment rises, incomes fall, and demand decreases. Prices then fall again. Although it seems like a neutral phenomenon, it is deeply human. Fear of the future leads to waiting, and waiting freezes economic life. People do not act, invest, or consume because they believe that "tomorrow it will cost less." In this "tomorrow that never comes," confidence dies. This has happened several times before. During the Great Depression of the 1930s in the United States, prices, wages, and credit collapsed. The real value of debts increased, banks failed, and millions of people lost their jobs and homes. In the 1990s, Japan experienced two "lost decades": falling prices, a stagnant economy, and a population that saved out of fear. Today, China is showing similar signs: weak domestic demand, falling producer prices, and slowing exports. History does not repeat itself, but it often rhymes. Deflation hits those who have the least the hardest. Debts become heavier in real terms. Nominal wages fall. Companies cut investment and employment. Young people see opportunities and futures slip away. Yet, not all deflation is bad. When it results from greater productivity, such as technological advances, increased efficiency, and reduced costs, it can lower prices without destroying demand. However, when deflation stems from mistrust and debt, it becomes a slow poison. From a geopolitical point of view, deflation is also a silent weapon. It pushes countries to devalue their currencies, compete on prices, and protect their markets. Deflation reduces risk appetite and slows the transition to clean energy and technology. Stagnation stifles innovation. This is why those who discuss economics, currency, or Bitcoin cannot ignore it. A deflationary economy increases the real value of money, but only at the cost of a contracting economy, drying up credit, and eroding confidence. If Bitcoin is a social asset, then it must exist in a society that acts, not one that waits. The risk of deflation lies not in the numbers, but in the minds of those who stop believing that tomorrow can be better than today. Deflation is not just "falling prices"; it is the silent brake on hope. #deflation #falling #price #hope #inflation #bitcoin #economy #asset

🌬 What if we stopped creating money? Imagine if, tomorrow, all banks decided to stop granting loans. There would be no new mortgages, no credit for businesses, and no overdrafts for households. What would happen? Money would stop circulating. Most of the money we use is not physical; it's scriptural, or credit-based. When credit stops, money withdraws. When money withdraws, the economy cools down. Less credit means less spending. Less spending means less demand. Fewer people will produce, work, and earn income. This is the beginning of a deflationary spiral, a self-perpetuating chain. Prices begin to fall. While this may seem like good news, it is not. If prices fall, people postpone consumption, waiting for prices to fall further. Companies reduce production, wages stagnate, and debts become harder to repay. The real value of our debts increases, even if our earnings decrease. This is the deflation trap described by Irving Fisher as early as 1933 and adopted by Keynes. When confidence disappears, money stops moving, and economic time stands still. In a modern economy, failing to create money is like failing to circulate oxygen. This isn't because "inflation is needed," but because balance is needed. Money must expand in line with production and confidence in the future. If money stops, so does the economy. A society that no longer trusts itself will stop investing, innovating, and imagining. The economy does not die from inflation. It dies from immobility. #if #immobility #economy #inflation #stop #create #money

💧 The Cantillon effect explains who gains from new money. Not all money is created equal. It depends on where it enters the system and who receives it first. This is the essence of the Cantillon effect, which was formulated in the 18th century by Irish economist Richard Cantillon. Cantillon was one of the first to observe that money creation produces distributional effects, not just inflationary ones. When the central bank or commercial banks inject new money into the system, it does not reach everyone at the same time. The first beneficiaries—banks, large companies, and financial markets—receive the money before prices rise. They can then spend or invest it with greater purchasing power. Those who receive the money later (workers, pensioners, and families) find themselves facing higher prices. The result is that the new money transfers wealth from those who receive it last to those who receive it first. This mechanism is not a "conspiracy," but rather a structural consequence of the current credit system. Money enters the system from the top, through the financial channel, and only then does it reach the real economy. Meanwhile, assets (such as shares, real estate, and raw materials) increase in value while wages remain static. This is why the perception of injustice grows even with "low" inflation: the problem is not how much money increases, but who intercepts it along the way. The Cantillon effect reminds us that money is not neutral. Every monetary flow reshapes social relations. Those who create credit indirectly determine who can afford more and who can afford less. Understanding this means recognizing that the economy is not destiny but a human construct. Money is like rain; if it always falls on the same fields, drought occurs elsewhere. Freedom comes from understanding where it falls. ❓️What if we stopped creating money? 🔜 [Continued...] 📶 Stay tuned. #cantillon #effect #rain #money #central #bank #inflation

💭 2% is not a lie. It is an average. Many people think that 2% inflation is a lie. And, in their own way, they are right. Because that 2% is an average, not our real life. Institutions calculate the average increase in prices for thousands of goods and services: bread, energy, rents, technology, transport, leisure. But each of us has our own personal basket. Those who live in rented accommodation, those who have children, those who work far away, those who pay for a car or bills: everyone experiences different levels of inflation. And the goods that really matter — food, housing, energy — are not increasing by 2%, but by 20, 30, 50%. The problem is not the index. The problem is that wages are not growing as fast as prices. Between 2000 and 2023, real wages in Italy increased by only 0.4%. Zero point four. In Germany, they increased by 34%. In the United States, by 49%. And we wonder why we are poorer. Keynes said that a little inflation helps the economy: it encourages investment, moves money around and creates jobs. But it only works if the fruits of growth also reach workers. When productivity rises and wages remain static, inflation does not stimulate: it devours. It is not the ECB that is stealing our purchasing power. It is a system that no longer distributes the value it creates. 2% is not a lie. It is a blurred photograph. To see clearly, we must ask ourselves where inflation hits, who pays for it and who gains from it. Only then will we understand why life costs more, and why the truth is not in the numbers, but in the daily experience of those who live them. Because fear is cured by free knowledge. Always. #freedom #free #knowledge #inflation #bitcoin #average #lie #truth #real

☯️ Man, fear and truth. Man fears what he does not know. When fear stems from ignorance, it becomes a tool of power: those who do not understand are easy to frighten. But there is also a 'good' kind of fear: the kind that drives us to understand, to study, to seek the truth. Knowledge does not eliminate fear, it transforms it. It takes us from terror to awareness of the complexity and rules of the world we live in. Inflation, currency, central banks are not invisible monsters: they are human constructs, imperfect tools, but necessary for organising economic coexistence. We cannot eliminate them, but we can understand them, and therefore demand that they work better. True freedom does not lie in having more money, but in knowing what it is. Those who know how money works do not allow themselves to be bought by fear. Those who know how to read a family budget are no longer a number in the statistics. Those who know, choose. That is why awareness is a political, moral and human act. Because it frees us from blind suspicion and restores the dignity of thought. Truth is never absolute, but it is always verifiable. And the first truth to accept is this: fear is cured by free knowledge. Always. Bitcoin or euro, gold or shells: the problem is not the medium of exchange, it is the person who uses it without understanding it. Understanding does not mean accepting, it means seeing further. 🔜 [continue...] 📶 Stay tuned #man #fear #truth #inflation #bitcoin #euro #gold #knowledge

📈 Understanding inflation so you don't have to fear it. Fear arises when we don't understand. In economics, ignorance is not a crime; it's a common human condition. No one has really explained inflation to us, nor have they taught us how to defend ourselves against those who use economics to confuse us. Inflation simply means that, on average, prices are rising. It is neither an "order from above" nor a conspiracy by central banks. Rather, it is a reflection of the prices of goods and services, such as bread, bills, rent, gasoline, clothing, and technology. When these prices rise overall, we say there is inflation. However, no one "decides" this. Rather, it is the result of global factors such as wars, energy, raw materials, and logistics. Central banks do not decide how much bread or gasoline should cost. Their task is to keep the value of money stable over time, which is why they aim for inflation "around 2%." They don't try to "create" inflation; they try to avoid extremes, such as uncontrolled inflation or deflation (falling prices that cool the economy). For example, if your doctor tells you that the ideal body temperature is 37°C, it does not mean that they want you to have a fever. They are simply explaining that 37°C is equilibrium. The same applies to the central bank. It does not "want" inflation; it wants to prevent the economy from becoming ill. So, who prints money? No one, as you might imagine. Today, money is not physical currency; it is credit. When a bank grants you a loan, the money is created at that moment. When you pay it back, the money disappears. The central bank does not decide how much money is in circulation; rather, it decides how much that money costs by adjusting interest rates. When rates rise, the cost of borrowing money increases, which slows down the economy. If rates fall, credit expands and more money is created. It's a delicate balance, not a magic button. Italy ranks last in Europe for financial education. It is not our fault, but rather the fault of an education system that has forgotten to teach us how the things that govern us every day work. 🔜 [Continued...] 📶 Stay tuned. #inflation #truth #bitcoin #central #bank #money #fear #human

📆 October 31, 2008 – October 31, 2025 🎂 Seventeen years since the Bitcoin White Paper: "A Peer-to-Peer Electronic Cash System" ‐ Satoshi Nakamoto On October 31, 2008, as the world was facing its deepest financial crisis since the Great Depression, a nine-page document was published on a small cryptography mailing list: the Bitcoin White Paper. These nine pages, like a seed sown in silence, would sprout one of the most profound revolutions of our time. It was not a political appeal. It was not an ideological statement. Rather, it was the technical description of a philosophical idea: to give human beings back the ability to trust without having to believe. Satoshi Nakamoto, a faceless name, chose anonymity as a symbolic gesture; the author eclipsed himself to let the work speak for itself. Bitcoin was not created as a tool of rebellion but rather as an answer to an age-old question: How can people cooperate, exchange value, and develop economic relationships without delegating trust to institutions, intermediaries, or central authorities? This did not imply a lack of trust in others, but rather a trust in humanity. It implied trust in their discernment, responsibility, and freedom to choose. Bitcoin is not just a technological project; it is a social asset. It was created to remind us that freedom is not a privilege granted by others, but rather a natural condition that must be defended by being distributed. Every node, every user, and every individual who participates in its functioning is a living part of this balance. Satoshi did not want to create a currency. He wanted to return currency to society, freeing it from manipulation, corruption, and arbitrariness. He wanted to create a system where rules replaced power, transparency replaced blind faith, and individual responsibility became the basis of civilized living again. The white paper does not discuss price, investment, or returns. Instead, it discusses peer-to-peer trust, transparency as a means of fostering honesty, and autonomy through knowledge. It is a manifesto for a society in which cooperation arises from the bottom up rather than being imposed from the top down. Bitcoin is a collective memory that never forgets. Each block is a testament to human history, proof that truth can be shared and verified but not owned. Its distributed functioning reflects an ethical vision—the idea that truth, like freedom, cannot have an owner. Seventeen years later, Bitcoin is no longer an experiment. It is a living, imperfect, and controversial reality that is unequivocally human. It is the legacy of a thought that does not seek approval but understanding. It does not seek consensus, but rather awareness. Celebrating Bitcoin today does not mean idolizing its price or technology. It means remembering why it exists. Because one day, someone hidden behind a pseudonym believed it was possible to create a value system based not on blind trust but on shared truth. First and foremost, Bitcoin is a social and moral message: Humans are capable of cooperating, being honest, and creating order and value without command or debt. Bitcoin reminds us that freedom is not a cry; it is a distributed structure of responsibility. Today, 17 years after October 31, 2008, we celebrate not the technology but the idea. Not the software, but the hope. Not the currency, but humanity. Bitcoin was not created to change money. It was created to change our understanding of freedom. #freedom #human #whitepaper #10312008 #bitcoin #satoshi #nakamoto #technology #awarness #trust