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That's a decision for them to make, based on whatever form of flexibility seems more important to their needs (although personally I think that many would just plain share their single copy, regardless of what the boilerplate says).
And that really depends on the assumption that whoever puts up the book in question will automatically sanction you to have the allowed 6 devices include other peoples' devices.
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THe point of course, is that if your word meant anything, you would comply with the Smashwords T& C and not send copies of what you bought to others in violation of the author's license terms. ( Of course, you can't "share" a single copy of any digital book, you can only make additional copies while keeping your own).
FBone is completely right, the amazon T&C as written is more liberal than SW's- if you actually stand by your word
But hey, SW is DRM free and that trumps everything.