Sort:  

Having just reread what I wrote, I don't think I said anything about that at all.

I was basically saying that more users and more demand increases the price of steem, and that the growth of steemit.com depends on that, and that requires ability for users to be profitable.

But responding to just your question, if you leave your steem as steem yes it gets less valuable. It keeps up with inflation when kept as steem power.