Tip'd

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About Tipd Offers Crowdsourced Financial Advice

October 14, 2008 - 5:00 am PDT - by Stan Schroeder 8 Comments

Since the beginning of Digg’s immense popularity, both as a fun site that brings you fresh crowdsourced news and as a source of traffic for news sites, there was the idea that smaller, more focused, vertical Digg-like sites would be a great alternative to Digg’s versatility.
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It hasn’t happened. There are literally thousands of Digg-like sites that focus on a specific topic, and only a handful have amounted to anything. Often this is merely because they are connected to a site that already has a large audience. Despite this fact, I still believe that it is not because Digg’s concept of read-vote-comment-submit was a one time thing, it’s because it’s hard to engage visitors to start participating. Once you reach a critical mass, it becomes easier and the site starts to thrive.

Tipd is another Digg-like site that has the advantage of showing up at the right time. The stock market has never been more volatile and the world’s economy has never had a more uncertain outlook. In this situation, Tipd offers crowdsourced financial tips, and I bet many confused and scared people will be happy to receive some sound advice on how to rescue their precious savings.

As far as functionality goes, Tipd isn’t breaking any new ground. The site lets you submit, comment and vote on stories in categories such as commodities, economy, stocks, currencies, personal finance, etc. The site presents all this in a very neat and tidy manner, however I can’t help the feeling that an image here or a graph there would cheer things up a little. As far as extra features go, there’s the (slightly buggy at the time of this writing) live view, which shows new stories as they’re submitted to the site, site stats in the bottom right corner, an RSS feed and a bookmarklet.

Ultimately, though, on a site like this, it’s all about the content and the community, and the folks at Tipd have managed to round up a large number of beta testers, which means that the site is lively even on launch day. Hopefully, they’ll manage to keep it up, and the rest will follow.

Disclosure: Tipd community director, Muhammad Saleem, has written guest posts on Mashable.

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