In the long term this is correct. It is unlikely you will be able to live off of SP-generated income indefinitely. But as long as adoption and speculative demand is increasing, the value increase of SP should more than offset the inflation. Also, 10% is only the maximum and the actual rate depends on the liquid STEEM supply. Finally, as long as liquidity rewards are disabled (or reduced), the maximum is actually lower. Liquidity rewards account for about 25% of the total inflation rate.
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