Inflation is not harmful if purchasing power is protected. It's really only purchasing power that matters. Purchasing power is affected (or not) depending upon who the newly printed money is allocated to. Here's what I mean:
Let's suppose that the Federal Reserve announced a "two for one" dollar split, where every single holder of dollars could cash them in in exchange for two dollars. So, the money supply just doubled, right? We have 100% inflation, right?
Technically yes, but practically no. In this case the new money was allocated to holders of existing money. Yes, things are now twice as expensive in dollar terms, but EVERYONE has twice as many dollars. So, purchasing power is preserved. Nobody's purchasing power (the amount of goods and services they could purchase with their stash of dollars) declined.
And this is how Steem works. Holders of Steem Power are awarded 90% off all new Steem created. So, yes, there may be twice as any Steem over the course of the year, and all else being equal prices of goods and services may double over the course of a year when priced in Steem, but the purchasing power of the Steem Power holders was largely unaffected. They experience only 10% inflation at the end of the day (since 10% of the new Steem is awarded to authors and curators). And, if the Steem is growing in value by more than 10% per year (and any exponentially growing technology based upon Moore's Law or the Law of Accelearating Returns should be able to do that), then they won't even experience the 10% inflation in absolute dollar terms (since the price of their Steem will have gone up by more than the 10% impact of inflation).
Notice how different this is from fiat inflation facilitated by the Federal Reserve. With fiat inflation, new money isn't allocated to existing holders (savers). Rather, it's allocated all to the Fed who must then "inject" it into the financial system via below-market insider loans to cronies. In the end, savers see their purchasing power eroded. Not so with Steem.
I totally agree with you on inflation - this are not the main points here when it comes to steemit. I think the most difficult thing will be editorial work as you could clearly see last days when masses came all topics were full spammed of unrelated content. This tag-spammed posts even dominated the top categories and nobody of valueable voters seems to do some editorial work.
As you are (what I would call) a whale, may I ask you for some feedback on the actual upcoming spam topic and editorial work? I wrote an article today and need some statement from "valueable" voters (aka whales) on that topic.
https://steemit.com/money/@hastla/why-whales-and-dolphins-have-to-start-work-for-steemit-or-lose-their-whole-investment