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Minds aims to decentralize the social network

Minds aims to decentralize the social network
From TechCrunch - April 16, 2018

Decentralization is the buzzword du jour. Everythingfrom our currencies to our databasesare supposed to exist, immutably, in this strange new world. And Bill Ottman wants to add our social media to the mix.

Ottman, an intense young man with a passion to fix the world, is the founder of Minds.com, a New York-based startup that has been receiving waves of new users as zealots and the the not-so-zealous have been leaving other networks. In fact, Zuckerbergs bad news is music to Ottmans ears.

Ottman started Minds in 2011 with the goal of bringing a free, open source and sustainable social network to the world, he said. He and his CTO, Mark Harding, have worked in various non-profits including Code To Inspire, a group that teaches Afghani women to code. He said his vision is to get us out from under social medias thumb.

We started Minds in my basement after being disillusioned by user abuse on Facebookand other big tech services. We saw spying, data mining, algorithm manipulation, and no revenue sharing, he said. To us, its inevitable that an open source social network becomes dominant, as was the case with Wikipedia and proprietary encyclopedias.

His efforts have paid off. The team now has over 1 million registered users and over 105,000 monthly active users. They are working on a number of initiatives, including an ICO, and the site makes money through boostingessentially the ability to pay to have a piece of content float higher in the feed.

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