Inkling fun

Inkling Markets Logo

I’ve been having some fun lately with Inkling. It is a site that hosts prediction markets, the kind that James Surowiecki writes about in The Wisdom of Crowds.

Prediction markets, for those of you who haven’t heard of them before, are like stock markets but instead of trading in shares of a company they trade in shares of possible outcomes of current events. So, for example, I’m invested heavily in the market tracking the Canadian Liberal Leadership Race.

The cool thing about Inkling is that you can create your own markets. I’ve set one up to predict the winner of Survivor: Cook Islands, for example. (Somehow the market I set up to determine how many roads a man must take before you call him a man was rejected).

All the trading is done in an imaginary currency called inkles (whose symbol, by the way, remarkably resembles that of the dollar) so you don’t have to risk any real money to participate. It’s all for fun… or bragging rights… or predicting the future… or something.

Anyways, if you’d like to have some fun guessing who will win Survivor, I invite you to sign up with Inkling and place some bets.

My Favourite Things: GFX Password Generator Bookmarklet

Everybody knows that to be really safe, you should use a different password for every web service that you use. When you use the same password for every account, you risk having all your accounts compromised if any one of them is. But who can be bothered to remember all the different passwords that you’d need?

This is the problem that GFX Monk’s Password Generator Bookmarklet solves. With it, you only need to remember one master password. Based on that master password, it generates a unique one for every account that you hold.

It’s dead simple to use. After you have dragged it to your bookmark bar, you just click on it whenever you hit a login page. Up pops up a frame that will prompt you for your master password. When you hit enter, it automatically fills the password field of the page with your unique password.

You obviously need to change the password for your accounts first so they will recognize the generated ones. That’s just as easy. Just click on the generator when you are on the change-password form.

This is a great little tool that I use every day. I don’t know how I’d get by on the web without it.