Minds.com is an open-source social media platform that puts individual users first. Social media platforms like Facebook data mine and sell user information to companies. The end result being that big corporations sell their users as the product.
Minds has all the same capabilities as Facebook, yet offers many more features, making it one of the most sophisticated social media platforms that exists. Users earn points for all their activities and can either sell or use those points to boost posts. The site also offers encrypted private messaging and has a bitcoin wallet integrated into it.
Being a more privacy centred alternative to Facebook, Minds has attracted many activists, including members of the hacktivist collective known as Anonymous.
Crypto Hustle decided to reach out to Bill Ottman, CEO and co-founder of Minds.com
What motivated you to start Minds and what’s your ultimate vision for the site?
The world needs a top social network to be free, open source, (de)centralized, encrypted, reward-based and powered by the people. I know that’s a lot of adjectives, but they’re necessary :p
The ultimate vision is not necessarily up to me. That’s why it’s called Minds. It’s a manifestation of what the community wants it to become. That’s the beauty. With all the surveillance, corrupt algorithms, censorship and overall lack of opportunity on major proprietary networks, we saw a clear path and social need for this.
In terms of monetizing for the company, we sell points and do a little bit of advertising on content to pay for the servers. Ideally we will end this because 3rd parties suck. But we would never put ads on anyone’s content who doesn’t want it.