I agree with you on these point. There is no need to allow 100% inflation and then combine 10 steem coins to 1 to keep the total amount smooth. The conversion is really useless and make nonsense. If you do that in real world, it is more like a totalitarian country as known as North Korea will do this kind of conversion and make the people lose there value during the game.
I think other important things should be : first of all , develop a mobile apps to allure more people into this platform; secondly, improve the user experience and let them stick with the platform.