Steemit started the crypto-blogging boom, but it isn't the king anymore, and Read.Cash looks like a much better option. In fact, development on STEEM, the blockchain Steemit runs on, has basically been stagnant since I joined Steemit in early 2018. That is at least true based on how the website has (not) changed over that time. I'm less familiar with blockchain development behind the scenes, aside from the hardfork with HIVE recently, but it has made little difference to users of Steemit.
Advantages of Read.Cash over Steemit
Steemit's functionality is essentially the same as it was when I joined the site. I notice features that seem to be lacking to me more than anything else. For example, it lacks the ability to save multiple drafts of something you are working on. That is a pain for anyone like me who starts and pauses projects all the time (I currently have four drafts on Read.Cash, and a few more on Publish0x). The editor is also harder to use than Read.Cash's.
Read.Cash is also much more user-friendly than Steemit. From the very beginning, it can take days to get a Steemit account approved. Then, when you make an account, you faced with what appears to be three different crypto currencies the site uses, although they are really just two. There is STEEM itself, which can be staked as Steem Power to increas the worth of your upvote (SP is not a separate currency), and SBD, which is supposed to be a stablecoin, but it is so badly broken that it was at one point worth about 60 cents instead of one dollar. Admittedly, it is now up to 96 cents, but it is clearly less usable than DAI, USDT, or Tether. Aside from a unique currency and a broken stablecoin, not many exchanges carry STEEM, so you better have an account on one of those exchanges if you want to buy or sell it! After all, if you don't own about $100 in STEEM, you upvote will be worth less than one cent.
In contrast, Read.Cash uses Bitcoin Cash, a token you can trade on pretty much any exchange, and do not need to own to upvote on the site. The fund, which is distributed daily based on a user's points on the site, which are gained by publishing, commenting, upvoting, getting upvotes, or some other actions on the site, ensure that everyone will have some BCH to tip with after on day.
In terms of Profitability, Read.Cash has been MUCH better than Steemit. Since the average upvote on Steemit is worth less than one cent, it is very hard to earn much of anything. In two years+ years on the site I have probably earned around $70. At my current rate, I'll earn that in about two months on Read.Cash. I've found that my Publish0x earnings are somewhere in-between, but closer to Read.Cash. With that said, there is a small group of people on Steemit who earn a ton. It is basically a site where 1% get almost everything, and 99% get nearly nothing.
Advantages of Steemit over Read.Cash
Honestly the only one I can think of is that you do have a slim chance of becoming one of those rare people who get a log of money from the site. It's almost like playing the lottery, but those few people do manage to make upwards of $50 an article. On Read.Cash there are occasionally massive tips from the largest users, but that is even rarer.
Conclusion
For well over 99% of people, Read.Cash is a much better option than Steemit, to a point where it is almost unfair to compare them. Steemit is the "sick man" of cryptoblogging who desperately needs some help and major improvement if it is going to survive. Unfortunately, that does not seem to be happening. I would highly recommending Read.Cash.
For those who want to follow me: You can find me on Publish0x. The site is great, and you can cross post there to make more money than just posting on one site, so why not join? https://www.publish0x.com/@LeftAntiPC?a=pnel78MdKB&tid=rc
If you are reading this but are somehow not already a member of Read.Cash, follow this link to join: https://read.cash/r/AntiSJWLeft
Nice❤️