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RE: How viable is Steem as a currency as the Steem network must constantly create tokens to reward bloggers and enable votes (causing lots of inflation)?
But if we simultaneously improved the Savings feature on the blockchain.. then the Savings feature could be where a lot of noobs keep their Steem.. and the SP could then be issued Instant Powerdowns at a 15% burn rate.
The savings feature is opt in and has no incentive. Especially when the goal is to protect newer or less experienced users, as well as to get a high systemic level of security, this isn't a good combination.
The design of powering up, where you have incentives to do it, and earned stake is at least 50% powered up by default, is built around strong security, both for the individual and for the blockchain as a whole.
Savings is supposed to be a bit more security for mostly liquid funds.
As I said above, I'm not really so tied to the noob security aspect of powering up, but a lot of stakeholders are big fans of it, so I think it would be a challenge ever reaching consensus to allow instant power down.