I see where you are coming from, but let me state why I think the way I do, just so you see where I am coming from, even if you disagree:

Lets say a country had a currency. That country decided it was going to increase its currently by 100% a year, as it expects more citizens in the coming years and will need to increase the amount of its currency. Without giving any other facts, would you expect a single unit of that currency to go up or down?

I love steemit, but I had expected the steem value to necessarily go down in the long term, even as I enjoy the service.