What would happen if the Internet knew where you were?

Tom Coates took the stage today at ETech to announce the developer availability of Fire Eagle.

Fire Eagle is a location storage service. You tell Fire Eagle where you are, and then Fire Eagle can act as your location broker for other services that might want your location information.

It’s like PayPal for your location.

When I asked Tom to explain what Fire Eagle was he replied, “What got me excited about Fire Eagle was the idea that the Internet might be really interesting if it knew where I was.” The video of his ETech presentation is here:

People have been talking about how the advertising model would change in a location-aware world for years. There are countless scenarios for improving the way marketers can talk to people if they know where they are at a particular moment in time.

Social networking is an obvious winner, as well. If services like Facebook or MySpace knew where your friends were that would certainly create some interesting new ways to interact with people.

Every day tasks could change dramatically, too.

Let’s say you need gas for the car. You pull up the handy local gas ticker on your phone which shows the nearest stations and compares prices.

Then maybe you decide to go for a coffee…Are any of your friends out and about? Ping Fire Eagle. You learn that an ex-girlfriend is at the local cafe around the corner, so you go to Starbucks instead.

Now, not everyone has a GPS or wifi-enabled device. And developers will require a little time before they uncover the best uses for this kind of interaction model. However, there are already a few partners working on neat integrations, like Dopplr, for example. And Erica Sadun already built an iPhone hack that will automatically ping Fire Eagle with your location.

Online media today is less about hosting web sites that push out HTML pages every day. It’s real power is derived from treating media as a service or rather about helping data find data. Fire Eagle is a great model of this world.

Fire Eagle has to be one of the most promising applications to come along in a while, in my opinion.

A big congrats to the Fire Eagle team!