Crypto Corner: Jack Ottman, COO of Minds.com, Discusses Facebook's ( $FB) Subtle Banning, the Culture of Deplatforming and Plans for 2019
December 20th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch
Point Roberts, WA and Delta, BC - December 20, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.'s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.
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Crypto Corner: Jack Ottman, COO of Minds.com, Discusses #Facebook's ( $FB) Subtle Banning, the Culture of Deplatforming and Plans for 2019
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Jack Ottman, COO of Minds.com, Discusses Facebook's Subtle Banning, the Culture of Deplatforming and Plans for 2019
Stocks discussed: (NasdaqGS:FB)
Minds.com is an open-source, blockchain-based social network running on the Ethereum mainnet. The platform serves as a free speech-friendly alternative to industry giants like Facebook (NasdaqGS:FB), which may indicate why the latter has falsely claimed that Minds.com is an "insecure connection" in recent months. Minds.com Chief Operating Officer Jack Ottman explained why Facebook's security check is unfounded and misleading.
"Basically it says that we're an insecure link or we're potentially harmful, which is pretty ironic because we actually put a much bigger emphasis on encryption and our data security than even they do," he said. "That just shines a little bit of light on what we're up against and some of the things that these companies are doing to silence some of the independent alternatives."
With several high profile figures on the political right such as Vice founder Gavin McInnes and former Breitbart editor Milo Yiannopoulos having been banned from major networks in recent weeks, Ottman warns that the culture of deplatforming could also spread to the left wing.
"Right now it might be leaning one way politically, but I think people need to realize that just because it's only happening to one side of the spectrum now, it doesn't mean that anyone's safe," he said.
But as many established social media platforms continue to ban right-wing commentators, they are inadvertently creating a market opportunity for networks committed to free speech like Minds.com. Ottman details the company's plans for bolstering the user experience in 2019.
"Over the course of the next year we're really going to be building in line with all of our core values: transparency, more user control, more monetization," he said. "We really want to make sure we're giving users all the tools they need to customize their full experience and also to get properly rewarded for all the contributions that they're bringing to our network."
"We're definitely leaning towards focusing on more user control so that people really have full control of what they see in their feed, who sees their content, as opposed to the way Facebook and some of these other companies have gotten a little lost in my opinion. They're just trying so hard to make those decisions for you."
The emphasis on individual user control is complemented and enhanced by Minds.com's blockchain-based network, running on the Ethereum mainnet. Ottman said the company is also focussed on promoting crypto adoption.
"We're really working on improving our blockchain adoption," he said. "I think we're in a pretty good position to help bring crypto into the mainstream and really educate users on the power of distributed systems."
Sam Mowers, Investorideas
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