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RE: High inflation in Steem is an interesting experiment
The problem is, who is paying the most: The Whales. They are essentially paying for most of the rewards for authors. That is not an investment. We have two options, either induce, through fraud, people to invest more, or, burn the excess steam to allow people another way - to burn steam to get readers, and let's not be all namby pamby about this. It's advertising, but it would decrease the inflation. A lot of people don't realise that the high inflation of the last 10 years in mainstream banking has been kept at bay by massive burn.
I'd rather say that those who pay the most are those who don't use the platform. If a user is only holding steem, their share of the blockchain is decreasing. Value is redistributed to users who are writing good content. I don't see much harm in that.
There is no need for fraud to get people invest more. We just need to make Steem more useful. Investments will follow when investors see that Steem has real world usecases instead of hype (unlike most of other blockchains).
Burning steem is also a great solution, but it can be done in many other ways, not only with advertising. Some examples:
The point is that people will burn steems if they just benefit from it in some way. I'd love to see as much proposals as possible, even simple or stupid ones, because some of them might be actually really useful or we can refine the idea to a better one.