Remember my post about auctions?
There's a site who has realized a similar idea. They call themselves Pledgebank, and I found it through Chris Lightfoot's weblog. The bad part is that it isn't. It isn't a bank, so it can't hold people responsible for their commitments. It relies on trust, which makes the free-rider problem to big for commercial use.
However, the good thing is that you can pledge other things than money, and in fact it seems that's what people are actually doing. It's a good effort, at the least, but I think they should become a real bank, so people can send them money commitments and get them back if the motion doesn't go through.
Posted by vintermann at May 24, 2005 03:22 PM