Proverbial wallets know your virtual cash better than you

by Mark R

We live in a society where having virtual money is essentially just as good as real money, but virtual money slips easier between the fingers than cold hard cash.

Some people at MIT have created Proverbial Wallets, and they are designed to hook up to a cellular phone via Bluetooth. Smartphones are probably required, as the phones must be in tune with the user’s account.

There are three of these Proverbial Wallets, which I will detail after the jump, along with a video:

The Bumblebee is designed to vibrate with every swipe of the credit card. Honestly, I think this is the most useless of the three, as most people should probably have their wallet in their hand when their card is being used. That should be enough of an alert.

The Mother Bear is one that will “resist opening if you are getting within your budget”. I am assuming that it is pre-programmed to do so, and I wonder if it will open at all if you have blown your budget.

Then there is the Peacock, a wallet that will grow or shrink, depending on how much money is in your account. It does this by inflating, seriously.

In all honesty, I don’t see the practicality of the proverbial wallets. I don’t see this as a practical application of technology to achieve fiscal discipline.

Proverbial Wallets from John Kestner on Vimeo.

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