GLnet - User Interface Designer - George Levchenko

Yootles - A Social IOU System

Yootles is a system for declaring IOUs between people on a social network. It is designed to allow people to jot down who paid for dinner or other transactions that people often want to but forget to keep track of. But it's useful for much more. It can be used for things like tracking rent payments, sharing utility bills, even tracking interest on personal loans. And it supports non-monetary currencies. Yootles in fact refers to the seminal currency in the system: an abstract measure of happiness or utility used in a suite of forthcoming applications including voting and wagering and various incentive mechanisms.