I realize that the Web is all about innovation – or at least a good attempt at it while the VC dollars keep rolling – but when I read about something called The Whuffie Bank which was part of TechCrunch50 my first thought was that the Web had jumped the shark.

The Whuffie Bank?

Seriously?

While the idea of creating some sort of virtual currency based on our actions online is silly enough the name is downright stupid. Whuffie .. it sounds like I just spent the last half hour bent over the toilet losing my lunch.

The sad part is that I am sure the guru’s of social media and Web 2.0 will jump all over themselves saying how great of an idea this. At least I’m not alone in thinking this is a stupid idea. Roy Bragg has this to say about the whole thing

I’m prepared to break my e-foot off in the digital ass of the first username that tries to tell me its Whuffie value.

Thanks Roy, it’s nice to see that there is still some common sense out there.