Hi again @brian-rhodes! This is my full response after educating myself more on the issue of 'in-built' inflation of inflation within which exists in both BItcoin and Steem.

Though, implemented in slightly different manners, both Bitcoin and Steem have a an 'in-built' function of inflation that is set with the release of more of it's tokens over time.

The case of inflation for both Bitcoin and Steem, in comparison to the inflation of fiat currencies by central banks is starkly different.

In both cases, the inflationary nature of the coins are implemented with the purpose of the long term advancement of the token itself and with very clearly intention and consensus as to their implementation.

With the transparency of the inflation with a reasonable effect of said inflation, widely available public knowledge, and of exact amounts. This then allows any individual or entity to then accurately calculate and presume a certain value of the token itself.

As such, it would not be classed in the same manner as central bank inflation and not deemed in the same class of theft for the differing factors to these cryptos as the inflation in question :

• Is transparent and known from the start, hence can and should be calculated to the overall value of the tokens, and more accurate calculations as to the actually value of the currency is adjusted for.

• Has a clear consensus as to why it done in this manner.

• Will eventually cease production according to timeline.

As such, it is much more accurate to say that the term 'inflation' would fall short, I'd rather use the term 'currency reserves' as it's existence is clearly stated from the very beginning and can be accounted for as being part of the total sum of tokens in existence from the get go.

In comparison to central banks, whereby there is often no public consensus as to why there is inflation, it was not initially agreed upon to have said inflation at the beginning of the minting of the currency and worse of all can be done at will and spent unbeknownst to the public, whose money is actually being spent nor have a say whether that shoud be allowed.
Leaving the real economy to absorb it's expenditure ony after the fact when it is far too late.

In so making it theft.

God Speed Brethren.