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RE: Wish to see 1 STEEM for 100 USD and rising? - JOIN #STEEM-2-100 Initiative! Upvote to Fix Value Degradation!
Of course it is but as price will go up after this update, rewards will even higher (in terms of USD) than now regardless lower emitting. Everyone will be happy. In FAQ section I'm addressing that as well. Think about opposite case - let's say we will inflate 10x more, do you really think reward will be 10x higher after one week? It will not - it will be even smaller than now - because STEEM price drop that will be more than 10x because of more capital and holding outflow.
I agree that inflation pushes the price lower.
What does that mean for a game where what is good for us is also bad for us?
Well, high inflation not good for us in any way. You can have the good feeling that new STEEMs are multiplying in your account quickly so it seems you are richer but paradox is that more they multiply, even more worthless they are and you are actually poorer... so that good feeling is complete deception.