This position paper analyzes the current situation in scholarly publishing and peer review practices and presents three theses: (a) we are going to run out of peer reviewers; (b) it is possible to replace referees with readers, an approach that I have named “Readersourcing”; and (c) it is possible to avoid potential weaknesses in the Readersourcing model by adopting an appropriate quality control mechanism. The readersourcing.org system is then presented as an independent, third‐party, nonprofit, and academic/scientific endeavor aimed at quality rating of scholarly literature and scholars, and some possible criticisms are discussed.