Well done, a great, short primer into the origins of money. A money whose supply is not centrally-controlled is one in which consumer sovereignty can be best expressed.

Looking over the white paper for STEEM it is obvious they thought of this in how it is created and avoids simple inflation via redistribution of new tokens as dividends throughout the system for those that bring the most value to it.

That impressed me the most, frankly. I was always slightly uncomfortable with bitcoin's generation system because it allocates new money at yesterday's prices in the same way that the Fed does. It's not as bad because of the Fed's whimsy, it happens at a predictable rate, but it still concentrates a value arbitrage as a point-source to, effectively, a small group of people.

STEEM's system is far more equitable as producers along with 'miners' are paid handsomely for their time and effort.