How to avoid being cheated by altcoin developer

[Jessica Ruder]

If I hire a developer to create a fork of Bitcoin with a small premine. How do I make sure I get my premine and that the developer hasn't ripped me off. Is there a way to know for sure that I have received my premine? What would be the steps when launching the network to verify the developer hasn't done anything 'tricky'? Thanks!

[shinratensei_]

If I hire a developer to create a fork of Bitcoin with a small premine. How do I make sure I get my premine and that the developer hasn't ripped me off. Is there a way to know for sure that I have received my premine? What would be the steps when launching the network to verify the developer hasn't done anything 'tricky'? Thanks!

Lol you can't trust someone who you didn't know about him. I think what you should do to pay him with a lot of money or if you wanna create a scam fork coin and just make it for yourself.
You can be deceived anytime as you are not having knowledge to know where is your developer putting the backdoor.
My advice and just forget to create a fork coin caused by people in here very well know the fork coin as scam coin.

[Strongkored]

You must first read about the review of the person, do not cooperate with new or inexperienced developers, it is not a guarantee that new people can fool you or vice versa experienced will not cheat but with the experience he has there will be people who will give review of how it works.
But isn't it better if you make the project yourself, meaning that if you don't have such knowledge then learn first

[akhjob]

If I hire a developer to create a fork of Bitcoin with a small premine. How do I make sure I get my premine and that the developer hasn't ripped me off. Is there a way to know for sure that I have received my premine? What would be the steps when launching the network to verify the developer hasn't done anything 'tricky'? Thanks!

If you are not a developer yourself, you cant find if your altcoin developer is cheating you. So it is better to employ an experienced and good developer who has a good reputation for himself in the community. Reputed developers most probably wouldn't do anything tricky or try to scam you as it will damage their reputation.

[TanakabZX]

If I hire a developer to create a fork of Bitcoin with a small premine. How do I make sure I get my premine and that the developer hasn't ripped me off. Is there a way to know for sure that I have received my premine? What would be the steps when launching the network to verify the developer hasn't done anything 'tricky'? Thanks!

Learn how to create from scratch instead of looking for a developer to get the job done for you, I'm sure you will be put in the dark if you let another person build a project for you and it's all about money isn't it? Get ready to be cheated

[Kupid002]

If I hire a developer to create a fork of Bitcoin with a small premine. How do I make sure I get my premine and that the developer hasn't ripped me off. Is there a way to know for sure that I have received my premine? What would be the steps when launching the network to verify the developer hasn't done anything 'tricky'? Thanks!

If you are not a developer yourself, you cant find if your altcoin developer is cheating you. So it is better to employ an experienced and good developer who has a good reputation for himself in the community. Reputed developers most probably wouldn't do anything tricky or try to scam you as it will damage their reputation.

Also hired only a person you really know personally or know where this persons can be find in case there will be a problem about the coins he forked.

Hiring a people blindly will be your longterm problem if that persons cant really trust it will damage the coin reputation and your own reputation also.

[cahbagus555]

If I hire a developer to create a fork of Bitcoin with a small premine. How do I make sure I get my premine and that the developer hasn't ripped me off. Is there a way to know for sure that I have received my premine? What would be the steps when launching the network to verify the developer hasn't done anything 'tricky'? Thanks!

Learn how to create from scratch instead of looking for a developer to get the job done for you, I'm sure you will be put in the dark if you let another person build a project for you and it's all about money isn't it? Get ready to be cheated

For the sake of money, people will always do it in a way and be able to make people do anything. I think it's about trust and if you want to make a new project from fork bitcoin, I think at least we understand about the blockchain and its programming

[bgaf]

If I hire a developer to create a fork of Bitcoin with a small premine. How do I make sure I get my premine and that the developer hasn't ripped me off. Is there a way to know for sure that I have received my premine? What would be the steps when launching the network to verify the developer hasn't done anything 'tricky'? Thanks!

This is simple. Work with him personally since you hired him with pay. Part of your job as the owner to monitor every moves and develpment he has done. Of course this include finding a legit developer. This is important as you need to secure the project details especially you are targeting a fork of bitcoin. My advise, dont pursue forks but create an altcoin project which is more easy to handle. Yeah altcoins are mostly shit but depends on the project you are gonna create.

[avikz]

If I hire a developer to create a fork of Bitcoin with a small premine. How do I make sure I get my premine and that the developer hasn't ripped me off. Is there a way to know for sure that I have received my premine? What would be the steps when launching the network to verify the developer hasn't done anything 'tricky'? Thanks!

I am not sure about bitcoin fork, but if you create an ERC-20 token on ETH blockchain, it is possible to check total supply of the coin and the list of addresses holding those coins.
Read the below link,

https://ethereum.stackexchange.com/questions/13776/how-do-you-track-total-supply-of-a-currency-smart-contract-on-the-ethereum-blo

In bitcoin blockchain, it is not possible right at this moment, but I believe some coder may be able to help you with this.

[enhu]

I'm not a miner but as far as I know it can be checked how much blocks were mined and the number of coins per block, I guess you can do all the math in that and expect how much has to be sent to your account. But you really can't help becoming suspicious to anyone you hired because when it comes to money its going to break bonds.

[joseyphil82]

Become a developer yourself but do not try to hire one because you can easily be cheated someway or the other, you can even become a better developer if you are ready to learn, it's not that hard, you can start with platforms that got everything ready in one, for example it's easier with ERC20 smart contract, just do some research

[WalkerIVIV]

I'm not a miner but as far as I know it can be checked how much blocks were mined and the number of coins per block, I guess you can do all the math in that and expect how much has to be sent to your account. But you really can't help becoming suspicious to anyone you hired because when it comes to money its going to break bonds.

Did you watched it properly? it's not about miner but it's premined coin. that's differenet between miner and pre-mined coin.

It's about how to prevent the developer that we didn't know about him to create a backdoor or putting the vulnerable code and it's not related to the block on the blockchain.

[Neoterix]

If I hire a developer to create a fork of Bitcoin with a small premine. How do I make sure I get my premine and that the developer hasn't ripped me off. Is there a way to know for sure that I have received my premine? What would be the steps when launching the network to verify the developer hasn't done anything 'tricky'? Thanks!

If you are not a developer, don't even try!

Why because you will end up with a worthless coin, because the chain will have bugs, will need updates, wallet upgrades.

 Even he/she won't trick you, who will make all this after you launch the coin?

[CaVO32]

If I hire a developer to create a fork of Bitcoin with a small premine. How do I make sure I get my premine and that the developer hasn't ripped me off. Is there a way to know for sure that I have received my premine? What would be the steps when launching the network to verify the developer hasn't done anything 'tricky'? Thanks!

If you are not a developer, don't even try!

Why because you will end up with a worthless coin, because the chain will have bugs, will need updates, wallet upgrades.

 Even he/she won't trick you, who will make all this after you launch the coin?

Exactly! The work doesn't stop after creating the coin. There are so much things to do after that. And if you can't handle such job, better forget it. There are a lot of worthless forked coins already so please don't add another one. The likelihood of being cheated is high because it seemed that you don't know about this job. Better invest on quality projects rather than create a crap coin.

[fortunecrypto]

If I hire a developer to create a fork of Bitcoin with a small premine. How do I make sure I get my premine and that the developer hasn't ripped me off. Is there a way to know for sure that I have received my premine? What would be the steps when launching the network to verify the developer hasn't done anything 'tricky'? Thanks!

Just report it here in the scam section but before you hire someone be sure has a service thread here first, developers wants reputation intact because if they will do that they will lose their business, and to make the deal good and fair get an escrow it's fair for both of you, just hire a reputable developer and you are good to go.

[fuer44]

I think it's still a big risk too if you pay people for the fork coins that you want, and that online. because the monitoring will be very minimal and prone to fraud because you will never know the real situation. my advice if you want to do coin development or fork, it's better to gather a real team that can gather directly, so you can directly monitor the activities of the team directly.

[JeotQ]

If I hire a developer to create a fork of Bitcoin with a small premine. How do I make sure I get my premine and that the developer hasn't ripped me off. Is there a way to know for sure that I have received my premine? What would be the steps when launching the network to verify the developer hasn't done anything 'tricky'? Thanks!

What? This is a stupid plan all together, sorry to say but I think its all safer if you get things together yourself, if you are so interested in your own Premine box why can't you just build your own project? It's safer this way I think

[cahbagus555]

If I hire a developer to create a fork of Bitcoin with a small premine. How do I make sure I get my premine and that the developer hasn't ripped me off. Is there a way to know for sure that I have received my premine? What would be the steps when launching the network to verify the developer hasn't done anything 'tricky'? Thanks!

What? This is a stupid plan all together, sorry to say but I think its all safer if you get things together yourself, if you are so interested in your own Premine box why can't you just build your own project? It's safer this way I think

Agree, instead of making fork coins from Bitcoin, it's better to make a new project with a clear use case for business. Premine coins tend to make investors less trustworthy and without premine coins that make Bitcoin trusted by many investors because no one dominates coin ownership

[Fundamentals Of]

If I hire a developer to create a fork of Bitcoin with a small premine. How do I make sure I get my premine and that the developer hasn't ripped me off. Is there a way to know for sure that I have received my premine? What would be the steps when launching the network to verify the developer hasn't done anything 'tricky'? Thanks!

It is just about hiring the person you personally know to be worth trusting. If you don't know the person thoroughly, then the risk of you getting ripped off is always there. So it is either you know the person on a personal level or you hire someone who has got a reputation worth keeping that ending up betraying you would burn all his entire reputation and potential business opportunities in the future.

[enhu]

I'm not a miner but as far as I know it can be checked how much blocks were mined and the number of coins per block, I guess you can do all the math in that and expect how much has to be sent to your account. But you really can't help becoming suspicious to anyone you hired because when it comes to money its going to break bonds.

Did you watched it properly? it's not about miner but it's premined coin. that's differenet between miner and pre-mined coin.

It's about how to prevent the developer that we didn't know about him to create a backdoor or putting the vulnerable code and it's not related to the block on the blockchain.

Nope. I read it.

When you find out thru the specs that what is sent to you aren't all that's premined then that dev can't be trusted. Its too late when you find out however but if hiring these devs from upwork meant you know their profiles, they might think twice for there are ratings in the freelance site.