Bash script, watch folder, execute command

To continuously recursively monitor folder (md5) and execute a command on change:

daemon() {
    chsum1=""

    while [[ true ]]
    do
        chsum2=`find src/ -type f -exec md5 {} \;`
        if [[ $chsum1 != $chsum2 ]] ; then           
            if [ -n "$chsum1" ]; then
                compile
            fi
            chsum1=$chsum2
        fi
        sleep 2
    done
}

Works on my OS X as I do not have digest.

On Linux, you can use md5sum as a replacement for the md5 command.