That's a very very very good point! Only difference is that Bitcoin's total coins is capped, so Capital appreciation is huge factor in investing. Actually the only factor. If steem had a fixed amount and raised funds via advertising or some other route then it would become a much more financially viable model. Infact I dare say that someone will fork the code and do just that sooner or later.
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Accounting for unretrivable / mia accounts and all that, i think a small addition of new currency is okay.