If you believe in money supply theory. an outdated economic philosophy that hasnt been taken seriously in a century.

Did you not read what I wrote in my blog. "such as in the often maligned Quantity Theory of Money". Obviously I am aware that the QTM is not in control of the price, i.e. there are other factors such as variable investor confidence, etc..

Yeah, the value of a steem might go up. It might go down. I assumed that was a given.

Then why did you assume it couldn't go down? I will quote you, "this will show through increased payment amounts on your 104 payments".