I doubt that such a huge give away will bring anything then a major dump at the best.
Which is why I sold most of my STR for Bitshares.
Yeah me too. Bitshares looks far more advanced (and with better features) than STR. It has many things like a GUI wallet, a decentralized exchange, voting mechanism, assets and many more. A completely decentralized financial platform with blockchain technology. I have found myself BTS very useful, but low prices means that it has not gained enough interest or exposure to attract major investors.

However, STR could be really cool if wasn't centralized (and premined) Maybe someday, it will be worth something after all.

Ideally the value in adoption/awareness will offset any "inflation." I put inflation in quotes because the total amount of lumens is transparent/static and so should be factored into any valuation.