Steem reward system will always be there however as many people join then there will be more people to share the reward with ...on the other hand, the value of the rewards you get will increase drastically. Yes steem is an inflationary coin
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Thanks for your reply charles1. Inflationary coin, is it a matter of concern ?
Another point is, will greedy scammers or bots be able to bring down such a great project. Payouts will surely attract a lot of greed. It will be interesting to see how Steem counters the greedy scammers.