Steem needs a plumber in order to fix the leaky pipe that is draining away Steem's value. The inflation is just leaking out of the pipe, and it's a huge waste of purchasing power.

It appears that the demand for Steem is constant, if it would not be there then the price would have reached 0 already. So we know there is demand for Steem. The problem is that it's constant. While the inflation is also constant, there is only X amount of Steem being minter per block. The problem is that the demand is smaller than the inflation.

So even though both appear to be constant, the fact that the demand is smaller than the inflation, it makes the Steem price go down, in a stable downtrend.

https://poloniex.com/exchange#btc_steem

I believe we should focus on SBD. I have changed my mind on SBD now, and I think SBD can be the magnet that will pull value into the system. How? By adding utility to it, and creating a P2P economy built on top of SBD.

• Creating 3RD party services for Steemit, that are financed with SBD to buy/sell there: http://steemtools.com
• The Promote feature is good, but I think it should be expanded, to include more features
• A P2P marketplace built on SBD, like Openbazaar (or perhaps ask them to integrate SBD): https://openbazaar.org
• More features, including paid features for Steemit, that are to be paid in SBD (premium features, which is also good for the Steemit company (@ned), to give the company a stable income)

C'mon, we need to make SBD a valuable currency. It has no transaction fee, and it confirms very quickly. So it should be ideal for commerce. The perfect spending currency in my opinion.