Looks like someone actually bought the I Am Rich iPhone App, albeit accidentally. Here’s a hint about the internet: Clicking the ‘buy’ button usually leads to things being purchased.

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TECH BUZZ: A $1000 iPhone app that does absolutely nothing. While the application itself does nothing, the act of buying does a lot: Removes $1000 from your bank account, proves to the world you are an idiot, embarrasses your family, and much, much more. Update: It’s been taken down.

The Best Links:

1. Kottke: Come On, Apple! Why Are You Spoiling The Fun?
2. Watch An “I Am Rich” Guided Tour
3. Be Careful not To Accidentally Buy This
4. Richies! Buy Useless App Here!! (Opens Apps Store)
5. Pay $1,000 For an iPhone App; Prove You’re a Jerk
6. Commenters HATE This App

TECH BUZZ: Just ahead of the new iPhone release, Apple opens its iPhone App Store for business. And with the new 2.0 firmware update, you can start buying those apps.

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The Best Links:

1. Why Did Apple Approve the Apps That Are Available Now?
2. Tell Kottke Which Apps Are the Best
3. Link To The iPhone Apps Store
4. How To Download And Install iPhone 2.0 Firmware
5. Screenshots of the Apps Store on the iPhone
6. Download iTunes 7

TECH BUZZ: As usual, the big dailies get to review Apple’s newest phone before anyone else. No surprises: They like it! Beyond the fact that the two-year pricing is actually more than the earlier version of the iPhone, the only other big downside is that the GPS isn’t powerful enough to provide step-by-step driving directions, which is kind of a bummer.

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The Best Links:

1. Walt Mossberg: Note The Hidden Costs
2. Pogue: Costs More, But The Sound Quality Is Amazing
3. USA Today: It’s Worth The Wait

TECH BUZZ: On the very day of the 3G iPhone announcement, some iPhone owners are suddenly reporting problems with their phones! Based on the small sample population of the BuzzFeed office, problems may be affecting up to 3 out of 5 iPhone owners . Problems include the touch screen interface not working, a strange black screen of doom, and camera issues. Are we alone? Write in with your iPhone issues, scott@buzzfeed.com .

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The Best Links:

1. My iPhone Just Started Having Problems the Day Before the 3G Release
2. “You deserve better. Go get that fancy new model. It’s okay. I don’t mind.”
3. A Sudden, Suspicious Slew of Problems
4. This is My Personal Recurring iPhone Problem

TECH BUZZ: The new iPhone is here. The new specs: $199 for the 8 GB phone, $299 for the 16GB, 3G (much faster networking), GPS, thinner, black plastic back (also available in white), flush headphone jack, improved battery life. The new version will be available July 11th. Plus: Lots of new applications (games, blogging, news) will be available at the Apps store.

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The Best Links:

1. Big Images of the New iPhone in White and Black
2. iPhone 3G — Twice As Fast, Half the Price
3. MacRumors Live Blog of the WWDC Keynote
4. Gizmodo’s WWDC Liveblog
5. Engadget’s Live Keynote Coverage
6. You Can’t Buy it Until July