Can continuously loop over the file, examine the md5 hash for changes.

Run the script if it has changed.

https://stackoverflow.com/questions/6475252/bash-script-watch-folder-execute-command

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
}