If you invest for the long term, inflation that is higher than the interest you get on your deposits is never positive. Therefore, to generate long term value and give investors faith in the token you need to protect them against inflation and let them earn a positive real return.

However, in normal monetary policy inflation is measures as the price you pay for a basket of goods and services. In this case, the equivalent would probably be the remuneration you get for a posting or comment. Considering that the number of posts is growing exponentially, this should however not be the case. I find it thus extremely difficult to propose the right interest rate on Steem Power...