I've long thought that this could be a key part of Steem's future, but have not worked out how it could be implemented. We can vote our delegate to support people, but the profits on those may not be enough. I would happily donate Steem to crowdfunding projects, but we need a trusted way to handle that, e.g. a third party who holds the funds. Is this what you need smart contracts for? There is Fundition, but I have not grasped how that works yet.
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Inflation is, imo, not a solution to sustainably fund anything but the security of the network. All possible rewards for creators, engagers, and apps should be from the exchange of STEEM/SBD/SMT between market actors, and not from a "rewards pool" (the whole concept of that is dead in my eyes).
One way or another, trust will be required, that's why I think it is important to also enable users to have a spending account that can be used more liberally without the risk associated with trusting the Active Key of your main account to any apps.