Steem ... hyperinflation will be harmful to everyone in the long run.
If you consider Steem as hyperinflating, then I guess you feel the same way about Bitcoin?
Bitcoin's hyperinflation sure has been harmful to everyone. It has risen from $0 to $657. That is super harmful for sure. I feel sorry for all those greater fool n00b (that one was for Anonymint) Bitcoin early adopters.
For the first 2 years of Bitcoins life the network sustained an annual inflation rate of over 100%. For the first 5 years it was over 30%, and for the first 8 years it was over 10%. According to the tool for estimating future inflation included with the Steem source code, Steem by contrast will achieve an instantaneous annual rate of approximately 12% after just 1 year (not including the effects of SMD operations).