My daily readings 02/23/2010

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    • Chris does a brilliant job of highlighting that the debt induced fiat monetary system which has driven our economic progress over the last 50-years is likely to fail in the future. In fact it was really nothing more than a sophisticated ponzi scheme which can only continue on the basis of perpetual compounded growth and a continued acquisition of real physical energy resources. The virtual economic economy is tied to the physical world — this perpetual growth cannot continue forever as we are seeing with the massive de-leveraging across all asset classes in the current 2008 – 2010 recession.
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    • To kickstart its API launch, Bump held a contest that invited developers to work the API into their iPhone applications. You can see a gallery of the winners here. The winning apps include CheckOut, which lets you share gift cards with friends by tapping your phones together; CloudNote, which lets you swap digital Post-It notes; and SocialFuse, which allows you to connect on Twitter and LinkedIn with someone (again, by tapping your phones together). Be sure to check out the gallery page for a half dozen runners-up to get more ideas of what the API can do.

      For many startups, an API is a nice way to build a community but isn’t necessarily a key to success. I don’t think that’s the case for Bump — its API will likely prove very important. Bump wants to become the way people are swapping their contact information, data, and even money when they’re standing next to each other. Bump can integrate that functionality into their own app, but the barrier to using the service would be much lower if it was built-in to a variety of other popular applications.

  • tags: note, productivity

Posted from Diigo. The rest of my favorite links are here.

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