In 2-3 weeks, HTN will be one year old—so what has been done since then? I mean, aside from playing around with the hash a little, secretly adding a developer fee at first, and implementing useless features that are at the level of a first-semester IT student? Nothing.
It’s always the same pattern: money gets tight, then the hash gets tweaked, and a hard fork is released so the coin brings in some cash—and that’s it. We’ve seen this three times in the last 12 months. But okay, that’s debatable. So what do we have after a year? Nothing—that’s just the truth.
The team members claim that the web wallet is theirs, when in reality, it belongs to the Kaspa community—even the source code proves it. The lead developer talks about patents he has filed. A patent for copying Kaspa and submitting it as an open-source project? It doesn’t get more questionable than that. Do you even have a securities license, considering you're no longer open-source? Finland follows EU regulations, so I’d like to see that securities license. But yeah, it’s just more empty talk—what exactly is the patent for? Tweaking the Kaspa node for completely pointless nonce verification, which becomes useless at a certain hash rate? When you can’t show results—because you either can’t do anything or don’t do anything—you have to create the illusion of progress.
And that brings us to the whitepaper—has anyone actually looked at it? I think most of the project's effort has gone into filling the whitepaper with meaningless text. There’s an entire section just to mention that the Genesis block was mined. WTF? Another entire point just to say that the Kaspa wallet was extracted for iOS? Technically, that’s not even a single line of code—you just connect an OS simulator and run a command to extract it for iOS. The whole whitepaper is just a repeated version of ‘I did nothing.’
The HTN team spends their entire day bashing other coins and stalking them. They are only active in Discord discussing other projects—they don’t even have time to develop anything. It’s obvious that the project doesn’t even have a real developer. Otherwise, something would have been built after a year. Implementing a function to extract transactions from a wallet takes about three hours of coding—that’s what they’ve accomplished in a year. But even that is pointless, because international tax authorities don’t care about it. A valid coin can be worth 10 times less today than it was yesterday. The real concern is fiat deposits and withdrawals. This raises the question: do the developers even pay taxes, considering they seem clueless about financial regulations?
The lead developer (and yes, I know it’s questionable to call him that since he hasn’t actually developed anything) has been caught multiple times committing fraud. He mined in pools of other projects using fake nonces, cheating other users in the process—an act of financial fraud. He even admitted this publicly in other Discord servers and private chats.
Back in October, investors were promised that a marketplace was coming soon to encourage them to invest in the coin. Six months later, not a single line of code has been written for it. That’s fraud as well.
By the way, HTN's "Tonto" pre-mined. One day, he was drunk, burned his pre-mined coins, and deleted the Discord server. A few days later, when he sobered up and regretted his decision, he returned. He then quickly added a secret developer fee into the code, which was not mentioned anywhere—not even in the whitepaper. The fee was set at 5%. After it became public and was called out as fraud, it was finally added to the whitepaper. The fee was then adjusted to 1-5%. But what happens if he has a few too many drinks again and decides to delete the project? Think about it, people. This alone shows the competence (or lack thereof) of the people behind this project.
Stay away! And there are 100 more reasons why!
Hoosat Network (HTN) Hard Fork Successful!
We are excited to announce that the Hoosat Network (HTN) hard fork has been successfully implemented, bringing us one step closer to our mission of ensuring the highest security for our users. The hard fork includes the integration of our patent-pending "Securing PoW Integrity" solution, making HTN the most secure Proof of Work (PoW) cryptocurrency on the market today.
This innovative upgrade dramatically enhances HTN’s resistance against brute-forcing of nonces, ensuring that our blockchain remains impenetrable to attackers. Moreover, it provides unprecedented protection against Grover’s algorithm, a potential threat posed by quantum computing, which could undermine traditional cryptographic protocols.
With this upgrade, HTN has taken a giant leap forward in securing its network and offering peace of mind to our community. HTN now stands as the gold standard in Proof of Work security.
🔐 Key Features of the Upgrade:
🔹Enhanced defense against brute-forcing attacks
🔹Protection against Grover's algorithm and quantum threats
🔹Cutting-edge, patent-pending "Securing PoW Integrity" solution
A special thank you goes out to our mining pools and exchanges for their unwavering support during this critical upgrade! Your dedication and collaboration have been invaluable in ensuring the smooth transition and continued success of Hoosat Network.
This is a huge milestone for HTN, and we are thrilled to continue leading the charge in blockchain security. Stay tuned for more exciting updates as we continue to innovate and protect our network!