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What is read.cash? / FAQ

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Written by   1153
8 months ago (Last updated: 3 weeks ago)

read.cash is a platform where you can publish content (articles with images and videos) and earn Bitcoin Cash cryptocurrency (ticker: BCH) for doing so. If a reader likes your content - he or she can upvote your post by sending some amount of Bitcoin Cash (BCH) to your online wallet.

After you sign up we will automatically create a Bitcoin Cash wallet that will exist just in your browser. No need to download or install anything.

Useful read: How to actually make money blogging (on read.cash or anywhere)

Earn cryptocurrency for articles, images, videos

If you are a writer or creator of any kind - write an article about something interesting, add images and video - anyone who upvotes your post will send you Bitcoin Cash to your online wallet and you can use it buy stuff (like any gift cards via eGifter, book hotels and airline tickets with Travala or exchange it to any other money using local.bitcoin.com).

There are many more uses and reasons to have Bitcoin Cash. You can also use Coinbase to reliably convert your BCH to USD or EUR. Use the "Send your Bitcoin Cash" from top-right menu to send your money to any of those services, you can even send to BTC wallet (using our sideshift.ai integration).

If you are most interested in getting paid, but don't know what to write about - here are a few ideas.

Support your favorite authors with crypto as a reader

If you are a reader, you can support the authors you like by sending them money via the upvote button. 90% goes to the author, 10% goes to read.cash to support the development and promotion of the platform.

Fair warning: read.cash is a very young project (born October 2019), so we lack quite a few things (see our Roadmap) and there might be bugs that affect your Bitcoin Cash, so don't expect miracles (yet) and don't keep more than $5-$10 in your online wallet. You've been warned.

Why do I see USD amounts if you tell me that my wallet is in Bitcoin Cash?

You have only Bitcoin Cash on read.cash. We don't have anything in US dollars here. All amounts you see are Bitcoin Cash, but to make site more user-friendly we display amounts in US$ at current exchange rate, which you can see here or at many other sites.

The price of Bitcoin Cash (BCH) varies constantly. One BCH on December 6th, 2017 was about $1500, one BCH on October 22nd, 2019 is around $230.

Until BCH stabilizes it's still going to be very hard to think in terms of 1 BCH.

For example, give me 0.015 BCH now. How much is it? It's about $3.50. How about 0.00065 BCH? It's about 15 cents. See? It's quite hard to think in terms of fractional BCH denominations.

That's why we display the amounts converted to USD equivalent at the time you see them. But that leads us to some weird situations, like...

Why do I sometimes send $0.01, but the wallet decreases $0.02 or more? And sometimes I'd send $0.01, but my wallet is even bigger after sending?

You don't actually hold any USD amounts, only Bitcoin Cash (BCH). The amounts are shown for reference only. The price of Bitcoin Cash (BCH) varies from time to time.

Imagine you had 2.00 BCH in your waller, the price is $230 (USD per BCH). You see that you have $460.00 (2 BCH) in your wallet.

Now, you want to send $ 0.01. That's about 0.00004348 BCH. You click the "upvote $0.01" and send this amount, you now have 2.00 - 0.00004348 = 1.99995652 BCH left. You also just sent a small amount to miners (about $0.0006).

After sending $0.01 you reasonably expect to see $459.99 in your wallet.

In the meantime the price of BCH changed slightly and now it's $229.80 (instead of $230 previously). You have 1.99995652 BCH left, that's 1.99995652 * $229.80 = $459.59.

Woah! That's pretty far from $459.99 you've expected to see. It's almost like you've sent $0.40 instead of $0.01. But in reality you've sent $0.01, but due to the exchange price change - your balance in USD equivalent has changed.

You still have the exact amount of BCH, sent the exact amount of BCH, but the display amount in USD changed due to the change in the exchange rate.

Are posts stored on-chain? Is this site censorship-resistant?

No, the posts are stored in a regular database, the only on-chain thing we do is peer-to-peer upvote payments. These are done on-chain and censorship resistant.

As for the site: no, it's not censorship-resistant. Our goal is to help creators get paid for their work, not fighting censorship. We don't like censorship, but it's just not the scope of this project.

Read the "Reason 2" in "Why don't we publish articles on-chain" for more extensive explanation about censorship-resistance.

What can I publish on read.cash?

We strive to build a place with great content to read and watch, where authors can be compensated by their readers, not the place with never-ending fights or spam.

Don't post anything obviously illegal, especially illegal according to European Union, anything hate-filled, no porn, erotic content or sexuality. No name-calling, trash-talking, personal attacks or insults.

We will remove such content.

We don't yet have a set of fixed rules, so just keep the site clean. The rule of thumb: if you are uncomfortable printing out your article in big print along with all pictures and hanging it on your front door - don't publish it.

Do I need to give my real name?

No, use any nickname you'd like.

Can I have more that 1 account?

If you are using it to post different content in different topics - sure, why not. If you are trying to make it look like many people agree on something, when in reality - it's just you - that might get you banned.

I have re-installed my browser and my money is gone! I remember you've said something about seed words, but I lost/didn't write them. Can you help?

No, as we told in the introduction after you signed up - your "seed words" were the keys to your Bitcoin Cash and if you lost them - nobody would be able to help you. The access to that money is gone forever, nobody can use it now. Like we told you: Write down your seed words and don't tell them to anyone, only use them to restore access to your money.

How can I use my seed words backup to access Bitcoin Cash?

You can import the seed words into Bitcoin.com wallet. (See the tutorial)

Is Bitcoin Cash a scam? Are you funded by Roger Ver?

No and no (at least as of this writing - Nov 29, 2019). Though, Roger Ver seems like a nice guy to us. Never met him though.

As for the "scam" part. Bitcoin (BTC) and Bitcoin Cash (BCH) are different projects - everybody understands this now. The scam accusations were always targeted at the use of the name "Bitcoin" in name, but for us - it makes sense. People wanted bigger blocks in Bitcoin, but Bitcoin's developers didn't and they split off from the Bitcoin (BTC) to make another coin that they named Bitcoin Cash (BCH).

Actually, this project (at least as of October 2019) uses the free service rest.bitcoin.com to do the on-chain transactions. Free for us, not free for Roger Ver's bitcoin.com (so, he kind of subsidizes the development of many things related to Bitcoin Cash, not just ours).

Why Bitcoin Cash (BCH)? Why not Bitcoin (BTC)?

Bitcoin Cash (BCH) has low fees by design.

Bitcoin (BTC) has high, unpredictable fees by design. Yes, by design. The fee to send Bitcoin reached $50 in December 2017. That's for simple transactions. Complex ones could have costed upwards of $1000.

Some of the proponents of Bitcoin (BTC) claim that something like $100 fee per transaction is not just ok, but great!

Obviously, you wouldn't be happy paying $50 to send somebody an upvote of $0.10. That's where Bitcoin Cash shines. Typical (median) fee for Bitcoin Cash is $0.0006 (as of October 2019). Typical fee for Bitcoin (BTC) at the same time is $0.10, which is not huge, but still 166 times higher that in BCH.

The main problem, though, is that when Bitcoin (BTC) usage grows - this fee skyrockets. This is an unacceptable risk for us. We want Bitcoin to grow, but not at the expense of $50/transaction. It's not the same with Bitcoin Cash (BCH) - the fee there is more or less constant. It will grow if the price of BCH increases, but not as dramatically.

And the developers made it a point to keep the fees under 1 cent.

Also check this out: What's so great about Bitcoin Cash?

Who is behind this project?

The team. We prefer to stay anonymous for now. We don't think it matters that much though. The upvote payments are done peer-to-peer on Bitcoin Cash blockchain, the private key is kept in your browser only, so you don't need a reason to trust us that much. We don't store your money (your browser does), we don't transfer them (your browser does).

How do I contact you?

Send an email to hello@read.cash or via Reddit - send a message to u/readcash. We also have a public reddit for discussions at r/readcash.

How can I donate to further the development?

Upvote this article or write another article (about anything) and upvote it yourself. 100% of such upvote goes to us. Upvote the articles of other people and 10% goes to us.

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Avatar for Read.Cash
Written by   1153
8 months ago (Last updated: 3 weeks ago)
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Comments

Coinbase is not the wallet I would advise. The fee is high and even higher for Europeans than the USA.

I wonder if this post needs to be updated.

$ 0.00
1 week ago

Well, I said "reliable", I didn't say cheap. I don't know about their fees, but it's one of the most reputable companies in the cryptocurrency industry.

$ 0.00
1 week ago

Might be...

$ 0.00
1 week ago

newbie here.learning to use read cash

$ 0.00
4 days ago

how to work for this. I'm a newbie here and I want to learn and more to read. anyone who down as suggestion will really appreciated thank you.

$ 0.00
3 weeks ago

Hello its me again. Today I have a sad story, about what happened to my account.

In the unlikely event my earnings was gone . Because of this incident, my save money in five days is gone like a bubble.

Hope this will be a lesson for everyone.

Hope someone helps me to get my income back.

$ 0.00
3 weeks ago

this is very helpful information especially to the newbies like me

$ 0.00
3 weeks ago

how to fix my wallet everytime i got my payment from readcash cant receive it. Pls help me to fix my wallet to back my money 2x happend to me.

$ 0.00
3 weeks ago

Nice one

$ 0.00
2 weeks ago

How do I bring my post to the top of the news feed?

I wish to write regarding aviation stuff especially regarding aviation disasters

$ 0.00
7 months ago

Well, we're currently still working on the way the posts are sorted. The current algorithm is something like sort by date, but every upvote brings it up proportional to the amount of the upvote, currently it's about $5 of upvotes to be for the whole day on top.

Though, as I said - we're still working on it. We're actually thinking that maybe frontpage shouldn't contain anything at all, but rather be a gateway to a niche communities (like aviation, photography, cryptocurrencies, for ex.), because of course it would be hard to read about everything at the same time. But, as I said - this is the current state of affairs, it might change at any time.

$ 0.00
7 months ago

May I get an update on how it works now? I noticed a huge difference since the last time I opened read.cash

$ 0.00
6 months ago

I don't think we've changed anything in the meantime.

$ 0.00
6 months ago

Great article! Minor suggested edit for your article:

The sentence that says “And the developers made it a point to keep the fees as low as 1 cent.”

That should say “UNDER 1 cent”, since BCH fees are just a fraction of 1 cent.

$ 0.10
6 months ago

Good point! Thanks!

$ 0.00
6 months ago

Very good read.cash...i like this platform in making money here for writing articles

$ 0.00
6 days ago

I'm a newbie, not good at writing as well. But I'll give it a try, thanks for this platform.

$ 0.00
5 days ago

Thanks. What if nobody donates or upvote? Does that mean i will not earn?

$ 0.00
4 days ago

Yes

$ 0.00
4 days ago

Thanks read.cash gor this wonderful opportunity. I hope this can help me for further earning more cryptos via earning. What a very great idea it is.

$ 0.00
4 days ago

Thank you read to cash for this I've learned so much, thank you for having this platform to motivate us. Thanks again and more power.

$ 0.00
3 weeks ago

Thanks A lot for the well detailed explanation, it really helped me to better understand the how read.cash operates in general.

$ 0.00
1 month ago

Thank u read cash for having this flatform, by the way i just want to ask some advice about my wallet, a week ago i made an article and im very glad i received bitcoin cash but suddenly i've no longer received and never increase my bitcoin cash im asking what could be the reason? Please help me

$ 0.00
1 week ago

Covid -19 the greatest pandemic currently trending in the world every tribe, race, religion ,and culture is been affected by the factors behind this menace

$ 0.00
3 weeks ago

Thank you read cash for runing the such kind of project. I appreciate your task. Then I want to know how to give the comments each and every post.

$ 0.00
3 weeks ago

Hi im newbie can u guys help and subscribe to me? and maybe atleast give a comment or like with my article will help. Comment here so i can subscribe back

$ 0.00
3 weeks ago

hi im newbie here, and I want to learn how to earn bitcoin cash here, they say it is easy to earn some bitcoin cash here if your comment is long and about 600 words is it true? 😅 so I want to try to make this comment long and yeah I don't know what im gonna say next 😅 but for sure some are making points as long as they keep their comments long. Thank you in advance if I receive some points! and I hope this website continues in service! 😊

$ 0.00
3 weeks ago

I am a newbie here. How can I share my articles to reddit? And how to upvote? Thank you.

$ 0.00
3 weeks ago

Very detailed and concise explanation. Thank you for sharing this. It is a great help for me as a newbie in this platform. I hope this site exist for long. I'm tired of money making site that vanish just so suddenly without notice. Hope this site is different. 😊

$ 0.00
3 weeks ago

Well, I like the explanation and from Time to time I still come back to reread the contents for better understanding. Thanks for making the system simplier, better and understandable to some degree of capture. Well done.

$ 0.00
1 month ago

Thank you read.cash i have learn more about this platform.

$ 0.00
3 days ago

Thank you read cash for having this platform more power and we will all successful here.

$ 0.00
3 weeks ago

How to earn this site? tell me something, thanks.

$ 0.00
3 weeks ago

Been using this site for two week and I just now read the rules.

$ 0.00
1 week ago

Thanks for elucidating

$ 0.00
3 weeks ago

wallet BCH better is blockchain only

$ 0.00
1 week ago

Thank you for the info..

$ 0.00
1 day ago

God it.

$ 0.00
1 day ago

je ne comprend rien

$ 0.00
2 days ago

Well detailed thanks on this article

$ 0.00
3 weeks ago

Thanks a lot for the information read.cash. Really helpful

$ 0.00
1 month ago

Hi CCN.com would like to speak to you about this - if that's OK I can put you in touch: ed@pownall.eu

$ 0.00
5 months ago

Hi! Thank you for the offer, but we're not giving any interviews.

$ 0.00
5 months ago

Thanks alot for all this informations...really very very helpful these are!

$ 0.00
1 month ago

Thanks for the explanation. I'm new here asking for help and hopefully I can get a good income here too.

$ 0.00
3 months ago

Read cash keep it up. Higher higher you go.

$ 0.00
2 months ago

very nice article about read cash with good explanation thanks

$ 0.00
1 month ago

Hi can I ask about the code 500?What is it? I need some response,thank you.

$ 0.00
3 weeks ago

Great work guys. Please get a twitter account so we can retweet or share feedback easily. Please consider a PayWall, so I can put part of my content behind it and a flexibility to charge my own amount

$ 0.00
7 months ago

https://twitter.com/readcash1

Although I'm not a fan of Twitter, but we'll try to live with it :)

Paywalls are definitely on the roadmap https://read.cash/@Read.Cash/readcash-roadmap-9c51de71 also sponsorships (monthly,weekly) and many other things.

$ 0.00
7 months ago

Understand the difference between btc and bch. Nice write up

$ 0.00
4 weeks ago

Nevermind I realize it's because it's non-custodial. By the way, it would be nice to be able to delete comments as well.

$ 0.00
8 months ago

Hi..I dont know where to mail read.cash..but Iam facing problem..for 240 points I got only 0.35$ whereas my friends got 1$ for 280 points..can you please clear this for me

$ 0.00
1 month ago

That was a good explanation about read.cash and i will always follow the rules and hope that read.cash became a bigger brand in upcoming month or year because concept is solid of these platform

$ 0.00
1 month ago

Thanks got it

$ 0.00
3 weeks ago

Thanks for the information

$ 0.00
4 weeks ago

Good to know

$ 0.00
1 month ago

Nice to read about. Clear and understandable

$ 0.00
4 months ago

that was interesting article the bitcoin cash is very convinient for all pay modes.Keep it up read.cash

$ 0.00
1 month ago

I hope I got like that price money in my acount thank for ideas to give... God bless plz like my comment en subscribe... Thank u..

$ 0.00
3 weeks ago

Thank you for sharing an interesting and very useful article.

$ 0.00
2 weeks ago