I have problem understanding, how inflation is relevant on a deflationary cryptocurrency? As you can see, the value of an actual free-market token does not come from the numerical value of supply.
The more people use it, the more versatile it gets, the more the actual value is. BTC for example is good for sending numbers anywhere in the world, where Western Union used to rip people off.
Hive is also a highly advanced social media platform, which has the potential to become a global new economy. Technology advances in waves, the first ones cathing the peak can surf the longest.
Price is a function of both supply and demand. I agree overall demand is more important. But people should be aware of supply as well, and have an accurate expectation of how supply will increase.
Also, Steem and Hive are not deflationary. They will tend towards lower inflation over time, but eventually a stable issuance (where a deflationary currency would go to 0 issuance and net negative when issuance is less than lost coins per year).
Around 99,9% of people don't even know how euros are created, so on cryptos inflation is even smaller issue. Since the motive is to hodl, we are talking about deflation, right?
I tend to ask people these questions and the last answer is usually "economics". Cannot tell, what it means in practice.