I know this won’t be popular but genuinely don’t understand the problem with people investing more than they pledged to be honest.
The total that could be pledged by everyone wasn’t capped so before the period for pledges ended we could have ended up with a 1 / 100 chance of getting picked to invest anyway.
Obviously people increasing their pledges means we’ll have even less chance of being selected now but we were never guaranteeed good odds anyway.
I appreciate that if you calculated that you had an x / x chance of investing, after the period for pledges had finished, you’ll be disappointed to see that the odds are getting worse. But I’m not sure that they really are anyway - my guess is that more people will invest less than they pledged, rather than more.
Lastly, the amount that someone pledged doesn’t influence their chance of getting picked to invest.
Am I missing something here?