Two great reviews of Pledgehammer
Pledgehammer was reviewed by Inventor Spot and Too Lazy To Do It. The former is a website about the latest inventions, innovations and interesting ideas from Obama twittering to a electrical talking bananas. And Too Lazy To Do It is not a procrastination site, but a project aimed at letting business ideas circulate, grow, and become a reality. They write:
Pledgehammer seems to be entirely founded on the honor system, i.e. their is nothing but personal honor requiring people to actually pay up for failing to reach their goal. It seems rather unlikely that someone who habitally breaks promises would choose to keep a pledge to website (and who, having failed to get financial freedom, is going to shell out 5,000 of money they apparently don’t have?). But it is a nice idea, and could catch on.
It is a valid point but we’re not too worried if everyone that fails a pledge doesn’t donate money to charity. We won’t come chasing anyone around. It’s only when absolutely no-one donates that it becomes a bit pointless for us as well as charities. We suppose time will tell.
