@berniesanders and @jerrybanfield can I have both of your opinions on how this helps the little guys with maybe only a couple of Steem to invest ? Surely this model is reliant on constant and increasing investments to maintain the promised payouts and thus becomes unsustainable aka ponzi ? Why is this just another way for those with the most to increase their profits exponetially meaning that as always, the rich become richer and the more lowly amongst us continue walking through glue.
Please put some numbers to it for the not so bright like me, please. You talk about 1000Steem but that's a king's ransom to Philipino student, so let's say someone has 2 Steem to invest and buys 2 JBCs....how much a month in Steem will they see in their account if they write one post a day ? KISS ;-)
PS are you intending that one day, JBCs become a tradable currency ? Which would would add another unknown factor into proceedings..
PPS Not everyone has an IQ of Einstein so there any way this could all be made more simple please? There is a correlation between wealth and IQ and just because not everyone can understand complex principles shouldn't mean they miss out.
PPPS Im torn between wanting people to make money to improve their lives by any means necessary and wanting growth to be achieved organically and by engagement and eyes on and comments....there has to be a middle ground somewhere.
RE: How to Launch a Steem Power Backed Smart Media Token!