A DIY bicycle movement in NYC

Crunchgear has a really interesting article about how some hackers in New York City have created a do it yourself bike sharing system. What's really amazing is that instead of having custom bikes, their system is able to put on standard bicycles and convert any bike to a bike sharing system. You check out bikes using an iPhone application. It is really amazing that there are technology components that can enable the grass roots to create such a solution.

Well ingenuity alone won't get them going so they are entering a Pepsi Contest to fund cool ideas with seed money. So if you think this is a good idea, you might cast a vote for them.