We are talking about two different things. I am talking about demand from communities/apps. You are talking about a specific user.
Every community/app that needs a token will have to go through steem to create it, and then also own RCs in order for it to function. Both creating demand pressure for steem.
It will be interesting to see exactly how much demand/buy pressure an individual mildly popular community (with an SMT) actually creates for steem. Of that I am not exactly sure. It will likely depend on how exactly the creation mechanism of the SMT will be tied to steem, as well as if future inflation of that currency is also tied to steem somehow.
I was talking about both the user and also communities in different parts of what I said, but I wasn't thinking about SMTs themselves requiring any more RCs than usual Steem usage would require anyway. I haven't seen anything on that yet from the developers.
I'm not really clear on how the idea of dropping the inflation process for Steem itself would really help Steem due to the constraints that are likely to exist in the relationship of Steem to SMTs - but obviously we don't really know how it's going to work out so we probably need to wait for SMTs to launch before reconsidering the whole concept!
Correct. Though one could assume that a lower inflation rate would mean it would require less demand to move prices up... all things being equal anyways. Which would mean that SP purchased/tied up for SMTs/Communities/Apps could be more impactful.