That’s like saying you can read a sentence written in rot13. Technically yes, you can decipher it, but it’s not as easy. The spaces are used for a reason. Same with punctuation.
You know that trick where people can mostly recognise words with scrambled letters, as long as the first and last are right? Long, unknown words scramble that, and force you to parse them “manually”, and even then, in your own example, you can easily misread (and then have to go back and correct yourself) cANYou…, canYOUREad…, …ceEVENTho…, …venTHOUGHT-HEREar…, …ghTHE-REARen…,
I mean, HRE…