Hey. I know this discussion is a little old, but I wanted to correct a mistake that I made when we were discussing.
You had said:
This is very unlikely because when the price goes down the rewards on the platform goes down and so people are not going to buy more steem if they see that rewards are shrinking
Then I replied:
but the rewards pool is based off the market-cap which is the price times the amount of STEEM (not just the price).
I was wrong. (Sorry.) I now found out that the rewards pool is just a static amount of STEEM, that does not depend on the price.
Back when payments were made in SBD, the SBD that you got paid in did factor in the price (since it needed to take the current reward pool and figure out how much SBD it was 'worth'), but with the current algorithm where it just pays in STEEM, you are 100% correct.
I did say when we first started that it was never really about which way was 'better' than the other. I saw value in reducing the inflation as you were proposing, and even agreed that yours might be better than what we had.. My main argument was that the cost of changing was very high too, so just a side-by-side comparison of which was 'better' could not be used as an argument - because it also needed to factor in that additional cost.
I will say that I'm kind of surprised, but it looks like the "higher ups" agreed that making a change like this was worth the risk. So congratulations - it looks like you won :)