Hi guys,
Indeed, the fundraiser was moved to April 6 and will start at 6am PDT. The terms and fundraiser flow for both Ether and Bitcoin are on the website:
https://cosmos.network/With regards to escrow, the funds will go to a multisig that is controlled by the board of the Interchain Foundation. That currently includes Jae, Ethan (both Cosmos founders) and Guido Schmitz-Krummacher. He is a lawyer and experienced board member. (And involved in a few crypto projects.) The foundation is a Swiss non-profit and as such as a fiduciary obligation to deploy the resources to build the Cosmos Network. The board may be extended to include further people in the future.
Some people here seem skeptical that the fundraiser will be a success. Of course, that possibility can never be ruled out, but interest in our pre-funder far exceeded what we actually accepted in commitments ($1.6m). We do have a team that is very well known in the crypto/Ethereum-space and has a strong track record.
With regarding Blocknet, it's true that they say they address a subset of the issues Cosmos aims to solve. Reading through their blog, it is unclear to me what they have actually built and how it technically compares to Cosmos. And judging from how (in-)actively it is developed, there doesn't seem to be much there:
https://github.com/atcsecure/blocknet/graphs/contributorsThe idea that Cosmos is "nothing new" also doesn't make a lot of sense. Even bonded PoS consensus is something new that hasn't yet been done. This will have massive benefits. For those interest, I would encourage looking at the whitepaper and stopping by our Slack.
Hi. You should really come into blocknet's slack. Development is far from inactive, and progress is being made. You looked at the wrong place on github, try:
https://github.com/atcsecure/blocknet/branchesand
https://github.com/atcsecure/xbridgep2p/branchesOh and I notice you guys still use the phrase 'Internet of Blockchains' in some of your communication, a phrase adopted by BlockNet a long time ago.