The Boom Is Back. The Bust Must Be Coming.

When I read about this new site, my immediate reaction was that I had stepped into a time warp and it was suddenly 1998 all over again.

DoMyStuff.com is all too reminiscent of those valet and butler service dot.coms from back in the day. They all went belly-up, of course, but there were all the rage at the time.

In keeping with the Boom 2.0 zeitgeist, there is a twist. DoMyStuff is primarily an auction site, where "employers" post jobs they need done, and workers (individuals or companies) bid to perform them for a particular price. Unlike on a true auction site, though, DoMyStuff employers can choose any bid they like.

According to Jaqui Cheng at Ars Technica, there's not that much to choose from yet. And according to The Freditor, this is a key warning sign for Bust 2.0. If you start seeing sock puppets, sell everything and run for the hills.