Minds

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Minds
Minds logo.svg
Type of business Private
Type of site
Social network service
Headquarters Wilton, Connecticut
Key people Bill Ottman, Founder & CEO
John Ottman, Co-Founder & Chairman
Mark Harding, Co-Founder & CTO
Industry Internet
Employees 11-50
Website www.minds.com
Alexa rank Increase 4.4k (Aug 2017)[1]
Registration Required to post, follow, or be followed; Anonymous registration allowed
Users 2+ million active (September 2017)[2][3]
Launched 2015

Minds is an open source and distributed social networking service, integrating the blockchain to reward the community with ERC20 tokens for various contributions to the network. Users can use their tokens to promote their content or to crowdfund and tip other users by subscribing to them monthly in exchange for exclusive content and services.

Minds has become popular for its commitment to privacy, decentralization, optional anonymity, radical transparency, free speech, and user rewards in contrast to the surveillance, secrecy, censorship, and algorithm manipulation occurring on many proprietary social networks.[4]

History[edit]

Minds was founded in February 2011 by Bill Ottman as an alternative to top global networks abusing digital rights. It was co-founded by John Ottman, Mark Harding, Ian Crossland and Jack Ottman.

In June 2017, the company raised over $1 million in the fastest equity-crowdfunded sale of all time.[5]

In March 2018, Minds exited Beta and launched a white paper and testnet for its new native mobile apps and Ethereum integration.

Concept[edit]

Minds has drawn comparison to platforms such as Facebook with regards to functionality. Users earn Minds tokens each day based on their contributions to the network relative to the community. Contribution is measured through an algorithm built around unique engagement, user attention, channel growth, referrals, bug fixes, development and more.[6]

At the end of each day, a user’s contribution score determines their individual share of the daily reward pool of tokens. These tokens can then be exchanged across the network for more views on content, or sent directly to other channels as a tip or to subscribe to exclusive content and services.

Technology[edit]

Features include newsfeed, video, images, blogs, groups, search, encrypted messenger, crypto wallets, exclusive content paywalls, promoted posts, tipping, and a token reward system. Minds maintains cross-platform functionality with both web and mobile apps.

Frameworks utilized in the platform include Apache Cassandra, React Native, AngularJS, PHP, Nginx, Elasticsearch, Ethereum, OpenZeppelin, Truffle, GPLV3, NativeScript, MetaMask Ubuntu Server, Redis, MongoDB, DroneCI, RabbitMQ, ZeroMQ, NGINX, GNU/Linux, Vagrant, Docker, NodeJS, Gulp, Typescript, OpenSSL, Socket.io and NPM.

In the Media[edit]

Minds has been featured by Forbes, Business Insider and VentureBeat for its tools to combat the decline of organic reach through algorithm changes on Facebook, Google, and other major sites.[7] [8]

When the network launched its Alpha mobile applications in 2015, the global decentralized hacktivist collective Anonymous showed initial support for privacy features.[9] [10]

The Observer, Barron’s, and Breitbart discussed the network’s dedication to free speech and community-participation.[11] [12] [13]

Cointelegraph, Cryptobriefing, Bitcoin Magazine and Hacked have covered Minds for its digital currency ecosystem. [14] [15] [16]

See also[edit]

References[edit]

  1. ^ "Minds.com Site Info". Alexa Internet. Retrieved August 21, 2017. 
  2. ^ "About". www.minds.com. 2017-09-21. Retrieved 2017-09-22. 
  3. ^ "This Social Network You've Never Heard Of Has Nearly 1 Million Users, Its CEO Says". Huffington Post. June 29, 2015. 
  4. ^ Carlson, Tucker (2018-02-21). "Social media network CEO: How Google censors my company". FOX News. Retrieved 2018-04-12. 
  5. ^ Lang, Melissa (2017-07-17). "Done with Facebook, Twitter? User-owned social networks hear you". SF Chronicle. Retrieved 2018-04-12. 
  6. ^ Nash, Charlie (2018-04-11). "Exclusive: Alternative social networks respond to Mark Zuckerberg hearings". Breitbart. Retrieved 2018-04-12. 
  7. ^ Guerrini, Federico (2015-06-15). "Struggling With Facebook Organic Reach Decline? Try This New Open Source Social Networking App". Forbes. Retrieved 2018-04-12. 
  8. ^ Levine, Barry (2015-06-15). "A social network called Minds has an answer to Facebook's strangling of organic posts". VentureBeat. Retrieved 2018-04-12. 
  9. ^ Guthrie Weissman, Cale (2015-06-15). "Anonymous is supporting a new privacy-focused social network that takes aim at Facebook's shady practices". Business Insider. Retrieved 2018-04-12. 
  10. ^ Griffin, Andrew (2015-06-15). "Super-private social network launched to take on Facebook with support of Anonymous". Independent. Retrieved 2018-04-12. 
  11. ^ Sainato, Michael (2017-05-12). "Meet Facebook's New Open-Sourced, Encrypted Competitor, Minds". Observer. Retrieved 2018-04-12. 
  12. ^ Swartz, Jon (2018-02-12). "Facebook Haters Going to Hate – but What Will Investors Do?". Barron's. Retrieved 2018-04-12. 
  13. ^ Nash, Charlie (2017-10-17). "Minds social network founder discusses the decline of big tech". Breitbart. Retrieved 2018-04-12. 
  14. ^ Smart, Evander (2015-06-22). "Welcome to Minds: Like Facebook But without the Snooping". CoinTelegraph. Retrieved 2018-04-12. 
  15. ^ Madore, P.H. (2017-10-19). "Minds.Com Founder Bill Ottman On Minds Wire". Crypto Briefing. Retrieved 2018-04-12. 
  16. ^ Madore, P.H. (2015-07-19). "Minds.com Redefines Social Capital". Hacked. Retrieved 2018-04-12. 

External links[edit]