(1) In my opinion, it is likely that BTC will remain the best store of value in Crypto, because it's so scarce, and it's such a good brand. However, that it is still just a bet, since an unlikely 51 percent attack orchestrated by the Chinese Government, for example, could destroy that value; or even more unlikely, in my opinion, people could so fall in love with alternates that they sell off their BTC;

(2) Steem's inflation would be negligible, compared to an exponential rise in value, that would be triggered if the active user base grew to a level sufficient to attract Brands like Coca Cola and Mercedes, etc, to buy Steem to join the conversation;

(3) to achieve (2) the techies would have to figure out how to scale Steem further even than it's current high level of scalability. I am confident they can;

(4) I agree that SMTs and new apps are where the action is, that can make (2) possible. :)