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Minds

Type of business	Private
Type of site	Distributed social network
Headquarters	Glastonbury, Connecticut, US
Key people	Bill Ottman, founder and CEO John Ottman, co-founder and chairman Mark Harding, co-founder and CTO
Industry	Internet
URL	minds.com
Registration	Required to post, follow, or be followed; anonymous registration allowed
Users	2.5+ million registered (self-reported, July 2020) 300,000 (monthly active, self-reported, July 2020)
Launched	June 2015

Minds is a cross-platform distributed social networking service. The service has been described as an alt-tech platform, alongside other services including Parler, Gab, BitChute, and MeWe. Users can earn money or cryptocurrency for using Parler, and tokens can be used to boost their posts or crowdfund other users.

Minds has been described as more privacy-focused than mainstream social media networks. Engadget and Vice have criticized Minds for its preponderance of far-right users and content.

History

Minds was co-founded in 2011 by Bill Ottman and John Ottman as an alternative to social networks such as Facebook, which the founders believed abused their users via "spying, data mining, algorithm manipulation, and no revenue sharing". Other cofounders were Mark Harding, Ian Crossland, and Jack Ottman. Minds launched to the public in June 2015.

A Facebook page affiliated with the hacktivist group Anonymous encouraged its followers to support Minds in 2015, and called for developers to contribute to the service's open source codebase.

In 2018, over 150,000 Vietnamese users joined Minds after fearing that Facebook would comply with a new law requiring them to remove political dissent and release user data to the Vietnamese government. Beginning in May 2020, over 250,000 Thai users joined Minds after growing concerns about privacy on Twitter, which had been widely used for political activism. This led Minds to add Thai language support to its mobile apps, and upgrade its servers to handle the influx of traffic.

Funding

Minds raised $350,000 in 2013. The service later raised $1 million via a Regulation CF equity crowdfunding campaign. In October 2018, Minds raised $6 million in Series A funding from Medici Ventures, an Overstock.com subsidiary. Patrick M. Byrne, founder and CEO of Overstock.com, joined Minds' board of directors. He was later succeeded by Stanton Huntington, General Counsel at Medici Ventures.

Service

Minds is a website as well as a desktop and mobile app. The platform awards ERC20 cryptocurrency tokens to its users based on their engagement with the site, and users spend tokens to promote their content or to crowdfund other users through monthly subscriptions. The tokens can also be bought and redeemed for standard currency. Minds offers a monthly premium subscription that gives users access to exclusive content, the ability to become verified, and the ability to remove boosted posts from their feed.

Posts on Minds appear in reverse chronological order, unlike many mainstream platforms that use more complex and often secret ranking algorithms to determine which posts appear.

Minds has been described as an alt-tech platform, alongside other services including Parler, Gab, BitChute, and MeWe.

Privacy and security

Minds has been described as more private than its competitors. All messages sent between users are end-to-end encrypted, meaning even those who work for the company can't read their contents. Minds is also open source, so its codebase can be freely audited for vulnerabilities or other privacy concerns. Users can optionally register anonymously.

In 2015 an application security consultant posted to the Full Disclosure mailing list to say that the Minds client was accepting encryption keys without any identity verification, and that Minds was using its own weak cryptography protocol. Earlier the same week, a security company had released a full disclosure report claiming they had found that it was possible for them to delete any message, edit any user's profile, and upload arbitrary files to Minds. Mark Harding, Minds' CTO, denied the claims made on the mailing list. A security researcher at Johns Hopkins Information Security Institute agreed that the encryption used by Minds was weak, saying that although it wasn't necessarily exploitable, "I am not optimistic that they got it right." Bill Ottman, Minds' CEO, acknowledged the issues reported in the security company's full disclosure and said that the company had addressed them.

Users

Minds told Business Insider it had experienced 60 million visits in 2015. In 2018, Wired said that Minds had 1 million users in total, 110,000 of whom were active in a given month. In May 2020, Minds reported having more than 2.5 million registered users and 300,000 monthly active users.

Content and moderation

In a 2018 interview with TechCrunch, founder and CEO Bill Ottman said that Mind's mission was "Internet freedom with privacy, transparency, free speech within the law and user control." Minds has been described as less rigorous about removing objectionable content than more mainstream social networks. Minds' terms of service disallows doxing, inciting violence, posting terroristic content, and harassing other users directly. A 2018 Wired article noted that hate speech was not disallowed, and reported that "The vast majority of content on Minds is innocuous, but posts do appear there that would constitute hate speech on other platforms." Ottman has said that he opposes removing hate speech and other objectionable content because he believes it can draw more attention to it, and that he opposes deplatforming extremists because he believes it only serves to push people towards more "other darker corners of the internet." Following a February 2018 appearance by Ottman on the Fox News show Tucker Carlson Tonight, Media Matters for America described Minds as "full of bigotry" and described the site's content as racist, antisemitic, and misogynist. Also in 2018, a writer for Engadget wrote about his concerns with the site's commitment to protecting free speech: "It's not until you survey the most popular channels on the platform that you start wondering what sort of free speech and debate Minds is interested in protecting. The site's stars are largely the intellectual bantamweights of the far-right movement, and the debate seems very one-sided. If you're wondering where people with Pepe the Frog avatars have migrated to, it's here. In fact, the general tenor of Minds is a combination of race hate, gun porn, "pro-white erotica" and lots and lots of weed." Vice criticized Minds in 2019 as a "haven" for neo-Nazis and far-right groups and individuals. In response to the 2019 allegations, the site banned several neo-Nazi or other hate group accounts.

In 2018, Minds had a small team that was responsible for policing content on the site, and was not using artificial intelligence to try to detect content that violated the site's terms of service. In May 2019, Wired wrote that Minds' moderation team was "about five" people, and that the company was in the process of forming a "jury system" that would remove content based on votes from its users.

References

1. "Notice of Exempt Offering of Securities". U.S. Securities and Exchange Commission. September 25, 2018. Archived from the original on September 5, 2020. Retrieved September 4, 2020.
2. ^ Helms, Kevin (July 19, 2020). "Crypto Social Network 'Minds' Sees Users Flock From Twitter and Facebook Over Privacy Concerns". Bitcoin.com. Archived from the original on July 22, 2020. Retrieved September 4, 2020.
3. Sainato, Michael (May 12, 2017). "Meet Facebook's New Open-Sourced, Encrypted Competitor, Minds". Observer. Retrieved November 7, 2020.{{cite web}}: CS1 maint: url-status (link)
4. ^ Matsakis, Louise (April 19, 2018). "Minds is the anti-Facebook that Pays Users for Their Time". Wired. Archived from the original on June 29, 2020. Retrieved September 4, 2020.
5. ^ Makuch, Ben; Pearson, Jordan (May 28, 2019). "Minds, the 'Anti-Facebook,' Has No Idea What to Do About All the Neo-Nazis". Vice. Archived from the original on September 1, 2020. Retrieved September 4, 2020.
6. ^ Guthrie Weissman, Cale (June 15, 2015). "Anonymous is supporting a new privacy-focused social network that takes aim at Facebook's shady practices". Business Insider. Archived from the original on November 22, 2018. Retrieved September 4, 2020.
7. ^ Arora, Nishant (July 12, 2020). "Anti-Facebook crypto social network 'Minds' bets big on India". Outlook. Archived from the original on September 5, 2020. Retrieved September 4, 2020 – via IANS.
8. ^ Cooper, Daniel (April 20, 2018). "I believe in free speech, but Minds makes me queasy". Engadget. Archived from the original on April 20, 2018. Retrieved September 4, 2020.
9. ^ Biggs, John (April 17, 2018). "Minds aims to decentralize the social network". TechCrunch. Archived from the original on September 5, 2020. Retrieved September 4, 2020.
10. ^ Griffin, Andrew (June 17, 2015). "Super-Private Social Network Launched to Take on Facebook with Support of Anonymous". The Independent. Archived from the original on August 31, 2020. Retrieved September 4, 2020.
11. Collins, Katie (June 16, 2015). "Anonymous backs encrypted social network 'Minds'". Wired UK. ISSN 1357-0978. Archived from the original on September 5, 2020. Retrieved September 4, 2020.
12. "Vietnam activists flock to 'safe' social media after cyber crackdown". The Star. July 6, 2018. Archived from the original on September 2, 2020. Retrieved September 4, 2020 – via AFP.
13. ^ Hui, Mary (May 27, 2020). "People in Thailand distrustful of Twitter are flocking to a crypto social network instead". Quartz. Archived from the original on July 31, 2020. Retrieved September 4, 2020.
14. ^ Biggs, John (October 27, 2018). "Minds, the blockchain-based social network, grabs a $6M Series A". TechCrunch. Archived from the original on August 4, 2020. Retrieved September 4, 2020.
15. Blum, Alexander (September 7, 2016). "Minds.com and the State of Online Discourse". HuffPost. Retrieved November 7, 2020.
16. Smith, Adam (June 24, 2020). "What is the right-wing Parler app that MPs and celebrities are joining?". The Independent. Archived from the original on June 30, 2020. Retrieved September 4, 2020.
17. Cox, Joseph (June 24, 2015). "The Social Network Supposedly Endorsed by Anonymous Isn't So Secure After All". Vice. Archived from the original on September 5, 2020. Retrieved September 4, 2020.
18. G., Cristina López (February 22, 2018). "Tucker Carlson promotes another social media platform full of bigotry". Media Matters for America. Archived from the original on May 23, 2020. Retrieved September 4, 2020.

External links

• Official website

• Alt-tech
• Android (operating system) software
• American social networking websites
• Anonymity
• Anonymous (group)
• Ethereum tokens
• Internet privacy
• Internet properties established in 2011
• IOS software
• Websites with far-right material