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Read.cash improvement : BCH paid by the fund should be only used for tipping

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Written by   39
6 months ago
Topics: read.cash

Thursday, August 6th, 2020

The Read.cash community is still shocked by the Meme contest which led to the explosion and departure of the creator of Read.cash.

I won't go back on the fact that led to the actual situation, but I think most of the Read.cash community regret that departure and is still hoping for his come back.

More personally, @Read.Cash have all my support for the free work this only person did, leading to paying thousands of users coming from a lot of country in the world, developing their knowledge and offer them a wonderful tool to use for any activity.

The only limit of Read.cash is the human creativity.

The way this person created this platform with his personal money have to inspire people, particularly these days when Bitcoin Cash community is fighting each other.

My though is that there is a lack of volunteering in the crypto community in general. Most of users are missing the most important point of crypto-currencies and I am quite sad to see how the "Satoshi revolution" is used.

From the user who just see USD eq. to leaderboard of BCH staff who are fighting each other for power, you are all missing that the main point of this technology is decentralization and equality.

This technology give to all people a common financial rule for all user, with no way for States to prohibit a money movement from a state to another.

That's the point. The only point why crypto was created. Using crypto as a support for real money or trying to grab the power is the opposite way of what crypto is about.

With this introduction, you could think "there is no fucking link between the title and what your are writing".

You are right. The point I wanted to show is related to Read.cash. This platform was created by voluntering, to share to the most people this technology. But using it like it is is not fair.

Early BCH adopters tips large amount to other early BCH early adopters, and not to new users while they are to future of BCH.

I won't blame it, most of the content on this platform is low-quality when it is not just plagiarism.

People try to be rewarded but don't understand why and how. You can't see many comment beside "early BCH users" post that doesn't make sense at all. These post are lost between article about flower or kitchen recipe.

To incentive people to write great content, I have a suggestion :

BCH paid by the funds shouldn't be withdrew by users but only tipped to other.

You could think it is unfair for new users, but it will incentive them to tip good content with their BCH coming from the fund, and to write good content to be tipped.

With this feature, news "great-quality" users will be tipped and they will appears as "good authors". Read.cash fund will work like a fund : BCH coming from the fund will be used to tip users, then they will be able to withdraw their tip.

Only BCH tips could be withdrew, not BCH fund coming from the fund. Daily spent will remain to the same amount, but only BCH tip will go outside the platform.

Let me know in comment your though and I hope you enjoyed the reading.

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Written by   39
6 months ago
Topics: read.cash
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Comments

BCH paid by the funds shouldn't be withdrew by users but only tipped to other.

This is a nice idea, but many people are dependent on the money because they sometimes have nothing to eat. It would be enough if they would not to withdraw some of the satoshis and tip others.

$ 0.00
6 months ago

You are right, and I highlighted this point when I said Read.cash is "paying thousands of users coming from a lot of country in the world, developing their knowledge and offer them a wonderful tool to use for any activity".

I can easily imagine a rule like "50% could be withdrew, 50% have to be tipped"

$ 0.00
6 months ago

Everything in Bitcoin Cash is voluntary. There are people who can afford to give more and there are people who can give less. A fixed percentage would be unfair.

$ 0.00
6 months ago

I don't think a fixed percentage of different amount would be unfair, because it is the equality to set 50% of a 1.000 USD tip or a 1 USD tip. Anyway, you are right about the significance of voluntary in the Bitcoin cash ecosystem, and in the crypto-world in general.

Thanks for debating with me @Telesfor, it is a pleasure and you always raise relevant point that make me thinking more thoroughly.

$ 0.01
6 months ago

BCH paid by the funds shouldn't be withdrew by users but only tipped to other.<

This is good but many will disagree I think.

$ 0.00
6 months ago

I am agreeing with you and to be totally honest, I am totally dependent of the fund, 99% of my BCH coming from it.

But the main way to earn on Read.cash was to be tipped at the origin, and that feature incentive to tip, so for many people they will receive the same amount of BCH, but it will come from tipping.

It also resolve low-quality content and spam, excepting for people using 2 accounts, but it is easier to moderate.

$ 0.00
6 months ago

I think you got this idea how PublishOx work like earning money from tipped but a little different because you said it 50/50..this is a good idea, but this is only applicable to pro writers I think, and those who can't produce high-quality articles will gain nothing and many users here value their little earnings like used it to but food.

$ 0.00
6 months ago

On Publish0x there is a fund too, but it work very differently than my proposal, because users do not have their own wallet like here.

I suggest that the actual reward system of Read.cash based on the fund should be updated like that :

When I receive BCH for commenting or writing by the fund, actually I can use them to tip other users or just withdraw them. My suggestion is that a part of these BCH paid by the fund cannot be withdrew by me, but must be tipped to other users. It incentive users to inject these BCH into Read.cash more than withdraw them.

With this, there will be more users tipped than rewarded from the fund.

This fund is a really great idea, but it supplant the original rewarding system (tipping) and most of users are dependent of it. The Read.cash creator is annoyed by many users each update and I think this dependency led to the actual situation.

$ 0.00
6 months ago

I get your idea, but the Upvote circle will more likely to increase like, "I will tip your article and you will tip mine", users will form upvote circle again and they will be more eager to do that. Just my point of view, you can correct me if I got it wrong.

$ 0.00
6 months ago

Upvote circles doesn't work anymore since the update which implemented "penalities" for upvote group and users who have multiple accounts.

So that kind of cheat won't be able to cheat the system because the amount of BCH paid by the fund will diminish as far as people try to cheat.

$ 0.00
6 months ago

Well yeah you are right cheaters are now penalized easily when they do that, the bot already doing it's job.. you have a nice perspective it can protect funds not to get drained easily, but I think this reward system is created to attract the new user to come.. but whatever it is if your opinion and ideas will be heard as long as it can be beneficial to both platforms and the users then it is good.

$ 0.00
6 months ago

I also think that read.cash should come back because without read.cash, platform is void. Nobody could replace read.cash judgement credibility the way read.cash used to take action against spammer. So, i think read.cash is the best admin for this platform and should come back. I really thankful of you for making this point.

Regarding your topic, i think How about minimum withdrawal condition? I guess that will make compulsion to write better to reach that amount. Or make condition like to withdraw one need to write minimum number of Articles that got at least 5/10 likes and 1 or more upvote. It's my opinion it may be wrong so correct me please, if any.

$ 0.00
6 months ago

Thanks for sharing your view on this, there is no doubt that @read.cash miss every Read.cash users.

About your suggestion of a minimum withdrawal condition I am not in favor of it. It could be interesting but the less paid users, mostly new of them will be annoyed of this feature and could be counter productive because it is not an incentive feature (if you want your money, just have more money ?!).

I think the actual withdraw condition is good, there is really low fees that allow every users to withdraw their earning, while it's 1 BCH or 0.001 BCH.

$ 0.00
6 months ago

For new users grace period like initial 10/15 days could be alloted. In that period they could withdraw without any condition but later on must meet the criteria (which is not hard i think so after grace period) to withdraw. But, anyway it's really like puzzle and annoyed, so not the best solution.😀 Your thought on paid upvote is a good solution as it will attract quality content itself.👍

$ 0.00
6 months ago

I really like your suggestion, a period of 1 month could be a good idea ; news users could earn their first BCH and withdraw them by learning how the platform work before the condition apply.

Then, when the first month ends they have to tip other users to earn.

$ 0.00
6 months ago

Wah..that's better..it will be win-win for both new user and good writer getting tipped. 💯👏 But make sure one can't give more than 0.1 or you can take any amount to avoid spammer, that's very important.

$ 0.00
6 months ago