I had a 4+ year old inspiration.
BTS has a supply of ~3.6 Billion shares.(or whatever the actual max is). Not all this supply is current available for anyone. Some of it is left in 50 BTS chunks in future blocks.
In each block that we do not have 101 delegates taking 100% of the max allowed pay for that block, we are effectively decreasing the supply of BTS.
Makes sense to me. Unfortunately some people in the community like Empirical1.1 don't seem to agree.
I will quote *clout* (even though he might not realize it).
Because v1.1 knows shit!
Sorry, Empirical 888 brother...but the ability to change one's views is as valuable for a human, as the ability to keep its value is for gold.
Your contention would hold true if BTS said we want to follow a supply curve of a precious metal/lock ourselves into some long term rules like Bitcoin or other but that is not the BTS POV.
BTS is not a DAC that has decided to follow the limited rules of money. It is a competitive DAC that wants to be adaptable so it can respond to it's environment. If a wonderful merger opportunity comes to add value to BTS, BTS is still open to it. If BTS finds a good sharedrop scheme that is fantastic at driving network effect then more dilution will likely be added.
At some point though the downtrend will stop. New features will drive up the price. Having the ability to hire marketers and developers does add value, especially ones that the community agrees on. If you can create a large network effect before you see a serious competitor, then BTS may even wipe the floor with Bitcoin within a year/2 imo.