@Alther 18 September 2025 edited more from that month

read.cash, the Graveyard of Writing for Pocket Change Once hailed as a haven for writers where words could easily be traded for bitcoin cash, and where ideas were appreciated not just with applause but also through digital tips, read.cash has turned out to be quite a little less romantic than that. Instead of a creative garden, read.cash has morphed into a bustling night market: noisy, lit up with the neon glow of rewards, but filled mostly with cheap trinkets. https://read.cash/@Alther

Now the writing that should have been passionate and thought-out is often just hurried little notes or shallow confessions, or very clumsy machine translations. What was once a proud spirit of literacy now seems buried under a mania for quick coins. Ironically, the thinner such content, the more possible it will fall under the riches of the reward system. A platform once envisaged as an alternative space for meaningful writing now churns out disposable content where quality is not a requirement but mere accident.

At its core, the platform lies under an identity crisis. read.cash indeed wants to be known as a reading and literary hub, at the same time as a blockchain ecosystem, but it cannot seem to balance the two. As a result, content suffers because most writers chase tips rather than ideas. The still-factor of the opaque reward algorithm worsens: at the backend, writers feel like digital beggars whose fate is up to a slot machine itself. Combine stagnation of features and stagnation of rules from its managers, and the platform seems frozen in time while the digital world rushes on. https://read.cash/@Alther Without action, read.cash will only ever be remembered as a graveyard for cheap ideas and not a pioneer in writing with the help of the blockchain. It still has a chance to redeem themselves, but time is ruthless. Both writing and technology move fast, and those who keep busy counting coins without paying attention to the erosion of quality soon find themselves forgotten in silence. Trash stays trash only if left to rot. With vision, effort, and transformation, even waste can gain new value. The same with people: what’s dismissed today may shine tomorrow. Value isn’t fixed—it’s created by perspective and action.