Minds (social network): Difference between revisions

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			\| num_users = 1+ million registered (April 2018) <ref>https://cdn-assets.minds.com/front/dist/assets/whitepapers/03_27_18_Minds%20Whitepaper%20V0.1.pdf</ref>
	\| num_users = 2+ million active (September 2017)<ref>{{Cite web \|url=https://www.minds.com/p/about \|title=About \|last= \|first= \|date=September 21, 2017 \|website=www.minds.com\|archive-url=\|archive-date=\|dead-url=\|access-date=September 22, 2017}}</ref><ref name=NumUsers>{{cite web \|url=http://www.huffingtonpost.com/2015/06/29/minds-social-network_n_7690028.html \|title=This Social Network You've Never Heard Of Has Nearly 1 Million Users, Its CEO Says \|publisher=Huffington Post \|date=June 29, 2015}}</ref>
	\| alexa = {{increase}} 4.4k ({{as of\|2017\|8\|21\|alt=Aug 2017}})<ref name="alexa">{{cite web \|url=http://www.alexa.com/siteinfo/minds.com \|title=Minds.com Site Info \|publisher=] \|accessdate=August 21, 2017}}</ref>		\| alexa = {{increase}} 4.4k ({{as of\|2017\|8\|21\|alt=Aug 2017}})<ref name="alexa">{{cite web \|url=http://www.alexa.com/siteinfo/minds.com \|title=Minds.com Site Info \|publisher=] \|accessdate=August 21, 2017}}</ref>
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Revision as of 18:54, 27 April 2018

For other uses, see Mind (disambiguation).

Minds

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
URL	www.minds.com
Registration	Required to post, follow, or be followed; Anonymous registration allowed
Users	1+ million registered (April 2018)
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.

History

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.

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

Concept

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.

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

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

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.

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

The Observer, Barron’s, and Breitbart discussed the network’s dedication to free speech and community-participation.

Cointelegraph, Cryptobriefing, Bitcoin Magazine and Hacked have covered Minds for its digital currency ecosystem.