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RE: How to Launch a Steem Power Backed Smart Media Token!
Yeah man I must finally agree with you here, wow, what the hell is Jerry talking about?
"1,000 Steem worth of a SPSMT or 1,000 SP delegated to a community account following the protocol explained here now can return an upvote effectively worth 10,000 Steem power every day or 70,000 Steem power a week or 280,000 Steem power a month to everyone contributing depending on the settings chosen by the SMT creator and how much is given by each member! "
Jerry doesn't get how Steempower works he thinks 1000 SP of his own SMT can get you 10,000 Sp a day?
1000 SP voting ten times (daily voting power) is the same as 10,000 SP voting once. Jerry's way of putting this is nonstandard and possibly a little deceptive, but it's not wrong.
When I read it, I didn't understand it. It sounded like hyperinflation to me.
Not sure of how it will all work but I think in essence it's about pooling your votes so that you don't have to vote 10 x per day to get max benefit. If you post once per week you can in effect "save up" a weeks worth of voting power as if you were voting on your one post every day (which you can't do).
You don't need to be wrong before deceiving people.