You are absolutely correct in understanding FRP. The terminology used in the Bacon seems to bother you. Since the whole mess is really associated with event streams, it is not clear from the very beginning exactly how these streams appear, and what their relationship is with browser events and DOM elements. I also had this question.
To better understand what FRP is and not Bacon, I suggest you read the Sebastiaan Visser Reactive JavaScript Programming post on Silk Engineering's Blog.
This reading helped me understand the subject, and I am more than sure that it will also break you.
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