RE: Steem price and low demand - Fix it finally! Solution is waiting
I wasn't suggesting that those improvements were the result of inflation, but that the world has changed so much I'm not sure it makes sense to expect money to have the same value in terms of purchasing power. Imagine living in a poor country where the typical income is $10-20 per day. You can probably buy a decent meal by the standards of the local economy for fifty cents or maybe less. Take that fifty cents with you when you move to New York City and you can't buy a decent meal any more. The economy in New York City bears little to no resemblance to that in a poor village. In my view, that is similar to what happens over long periods of time. When you are talking about enormous changes in the economy over 50 years, unless that money has been actively involved in the economy and has grown with it, I'm not sure equivalent purchasing power in a completely different economy is a reasonable expectation. I respect that you may not agree.
However, where we do agree is that over modest time periods money should retain value. If it is losing a lot of its value within just a few years or even less, then something is wrong, and I agree that when this situation occurs people make poor, destructive and even dangerous decisions out of fear of seeing their money disappear. I'm also not a fan of inflation that benefits bloodsuckers. You can't really generalize though. Most of the inflation in this system benefits bloggers like you.
I see your point. Changing prices in general is not the problem I'm referring. You're right, nothing can promise you constant purchasing power. Problem is printing / issuing new units and diluting original supply. This degrades whatever unit you hold and it's hidden taxation of your wealth and it's always considered unfair. And it also brings outflow of investment capital unless it is either some monopoly like reserve currency or something that is demanded by law. If it's optional, you just don't want to hold it - unless you're doing it for charity or some higher purpose. If Steem creators don't care about that, I'm fine with that but then I don't see any reason for having Steem, SP and SD. It will crash anyway. If they do care and they want to create top social network with millions of users and working business model, they should support investment with no (or very low) inflationary environment. Investors are already suffering with lot of losses already - $ inflation, exchange rates, gain taxes, etc. I don't take argument that bloggers benefits from inflation because investors must benefit first so bloggers can benefit. No investors, no rewards for bloggers. Look how rewards plunged during last month due to the outflow of investment and related price decline.