Hello @modprobe!
I also think the dilution rate is no problem. Eventually there will probably be a balanced supply and demand between content creators, and content consumers. That it causes inflation gives it an extra incentive for content creators to compete with each other producing consequently quality content.
Nevertheless it would be nice if Steemit would update the users about the outdated white paper. And give explanation of why they have choosen this decision. Transparancy is a key-factor of the blockchain, because S. Nakamoto knew transparancy and a fair system was necessary.
I'd stay Steemit is keeping people updated, but remember that they're a startup running an rapidly scaling website. They don't have a department dedicated to updating old documentation; they don't even have a person dedicated to it. All their people have other jobs. So I'd say they're doing a great job posting about changes as they get made.
If someone decided to maintain a living whitepaper that stays up-to-date with the latest changes, that would likely be a good way to create some value. :) I can think of a few ways to monetize that right off hand.
Aah Yes. That's actually a very good idea. :)
Too bad I noticed it a bit too late about the larger dilution rate. If I knew it, I wouldn't trade on steems. But would just have bought steems and turned it into steempower and focus on creating some content. But yeah,. Another unforeseen event in life