Ok, I thought you meant Steem didn't have rewards =p. Thanks for setting me straight.

"... the dust from transactions which is barely anything..."

I recall transaction fees going to 25% at BTC's peak. That's not dust. That's boulders. For all practical purposes it's the same thing as inflation, meaning BTC isn't inflation proof at all, but subject exactly to unpredictable inflation in the worst way.

As we approach the halving, I expect mining to continue to consolidate further, and centralize the power of miners over BTC. AXA may already have optimally have done so, and if that's the case, further consolidation isn't necessary.

Either way, I reckon BTC has failed to resist inflation, and failed to prevent centralization OR it's subjection to legacy financial mechanisms. I note the day BTC crashed from it's peak was the day it's futures market was instituted. I am grateful for the example of how legacy banksters control assets that event provided, if not for the control is reveals.