"Even if it is, who cares about 20% if this is the way to increase Steem value by thousands of %."
I'm sorry but if you believe that increasing the inflation rate by 20% is something that people shouldn't care about, you are not thinking clearly about this issue.
There's no rational reason to believe that such a decision would "increase steem by thousands of percent" - if only it were so easy.
RE: Explainer: Value Flows on Steem with SMTs [VIDEO]