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Author Topic: How to avoid being cheated by altcoin developer  (Read 440 times)
torrantz
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May 18, 2020, 04:10:33 PM
 #41

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!

You guarantee your premine by

1, using the services of trusted escrows
2, concluding the forks with trusted personnels
3, physical deals with known personnels
That's not an easy task to believe with someone who you didn't know his reputation even if you were using the trusted service and you can be deceived anytime. I can't sure if he can do that easily and the only best thing to learn more about that and at least we can do our personal audit or try to use the audit service by some neutral developers.

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May 18, 2020, 05:22:09 PM
 #42

You can start interviewing him and put him to prove that he is a real altcoin developer . Also if you are not 100% sure about his skills I recommend you to work with him in milestones on a escrow platform . That's the best way

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May 18, 2020, 05:37:17 PM
 #43

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!

That's a problem if you do not know how to code, you will need to hire another coder to check another coder's work, I guess the easiest way to do is to only hire a developer with a good reputation,  developers and coders are living and sustaining their business with feedbacks, so go for developers with good feedbacks.

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May 18, 2020, 05:52:17 PM
 #44

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 will be a trust issue with a developer better to hire someone whom you know already or you can really trust that will not deceive you and put everything you have at risk. You probably not be a developer but you may still learn how by doing some researches or you may also undergo training in a legit training institution that will not give you any false information or will simply trick you for their own goods. If there is a portfolio of their previous work much better.
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