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RE: Steem Is Not Bitcoin, it's a token powered by Love! Why Steem's Special Value Isn't In It's Traded Price.
I think there is great potential for steemit to increase in value, but the inflation rate of 9.5% /yr is a bit much IMO....it will take time, but that is actually a good thing if you take a a long view and use the time to accumulate gradually. Produce and consume content here...the site needs to be a little quicker though...is that going to improve over time?
The inflation rate is set to come down every year and the userbase should increase, so there will be a gradual rise of the value over the next 18 years (using the current data) just from that equation alone.
I'm currently in the process of analysing the process of Steem creation, but haven't yet found exactly which variable is the one that displays how much is created each day.. I continue!
The speed of the site is likely to improve I think, yes - for several reasons - part hardware and part software.