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RE: What happens to the price of a cryptocurrency when hyperinflation stops?
"but roughly 50% of its supply already is outstanding and the same principles apply."
No. Steem's ultimate supply is infinity, much unlike Bitcoin's 21 million.
Inflation rate set at 10% this year, reduced by .5% down to 9.5% the following year etc etc. Set to drop .5% each year all the way down to zero in 20 years. Check the white/blue paper.
The white paper is obsolete.
The last time I saw something similar to what you described here, it was down to a .5% and never to 0%.
If you were correct there will be no author, curation and witness rewards in the future.
Also, even if you were correct, now there is still less than 40% the "final" supply according to your assumptions.