Good points. Inflation is a problem. Thing is we don't see that much sell pressure. Price is mainly falling because there is no significant demand for STEEM and especially SP. And so the major question is why there is no demand? Answer is there is no demand for STEEM because of horrible inflation and no demand for SP because of still high inflation and no motivation to hold it except some radical hard-core holders.

Summary:

• 10% SP inflation p.a. is still very high, unbearable
• SP has no benefits for most people because it's worth only for major curators (and even those are significantly loosing now)

What I would like to see is:

• SP annual inflation 1-2% p.a.
• STEEM inflation up to 10% p.a
• SP must give some additional advantage to authors not just curators. There must be some additional bonus for keeping and holding SP.

No one wants to live in highly inflationary environment, anything beyond 1% p.a. is unfair and anything beyond 5% unbearable. If one should be locked for two years, there must be major benefit

Steemit is great, please don't kill it by keeping wrong parameter settings!