Trump Invites Crypto Firm to Social Media Summit, Snubs Facebook
Minds.com CEO Bill Ottman received an invite to President Trump’s Social Media Summit. CCN spoke to the crypto activist-entrepreneur on his way to 1600 Pennsylvania Avenue.
Will Donald Trump Leave Twitter and Take His Following to Crypto-Friendly Minds?
Asked if Donald Trump might join Minds today, Ottman sheepishly said: “You never know.”
The subjects Ottman intends to address include algorithm transparency, privacy, censorship, alternative platforms, and competition.
…The Fake News is not as important, or as powerful, as Social Media. They have lost tremendous credibility since that day in November, 2016, that I came down the escalator with the person who was to become your future First Lady. When I ultimately leave office in six…
Minds recently grew at a rapid pace after Ottman appeared on an episode of the Joe Rogan Experience. On the show, Ottman discussed the many nefarious ways that social media companies can manipulate and use data people innocently surrender.
Yesterday, Fed chairman Jerome Powell said that Facebook should cease building Libra until the government gives them the green light, in essence.
Minds is a platform which incentivizes participation by paying every user for what they do on the site. All activity, including just scrolling your feed, earns you cryptocurrency tokens from the network pool.
The tokens have a built-in utility for advertising on the platform.
A Minds token can be spent to get guaranteed views of content on the platform. You can “boost” a post up to 5,000 views (5 tokens) at a time.
The crypto tokens can also be used to subscribe to premium content on the platform.