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. 
Topic: How to avoid being cheated by altcoin developer (Read 507 times)
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.
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
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
First you have to read about that person's evaluation, not cooperating with new or inexperienced developers, you can't trust someone you don't know about him. So Work with him personally since you hired him with pay. Part of your job as an owner to track every move and find out what he did. Of course this includes finding a legal developer.
First, the idea of forking bitcoin is bad, why fork? we already have bitcoin, and if you are looking for forks why not support the existing ones? Like BCH, Litecoin, etc. If you want to create another coin just to create free money and you don't even have knowledge of how it is created, you already messed up. Please we have already enough sh*tcoins on the market don't attempt to add one, we need crypto adoption in order for that to happen support and use the existing coins like BTC, ETH.
I think there are many ways to beat developers who commit fraud even though the potential for success is very small but it doesn't hurt to try one of them by reading from various articles that have a way to avoid scams to avoid cheating and avoid fake projects the second way and in my opinion this is very important, doing research and conducting investigations to ensure that the developers are very good and trusted.
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 was a trust issue and it really hard when you are dealing with someone who has their own interest and that was to scam you. In this kind of market, you can't just simply give your trust to anyone especially when you are talking about money or investment. Because not sure if that person will give you back. If you can make it, then better to do job rather than relying to others. That's the only way to avoid being cheated and lost. 
The simple fact is you shouldn't waste your time with meaningless altcoins.
Whenever there is a premine there is a good chance that the developer is just looking to dump his batch on the first exchange he gets the change to, right after all the mindless plebs have pumped up the price.
Why both wasting your time when the risk of this is more than 50%?
Whenever there is a premine there is a good chance that the developer is just looking to dump his batch on the first exchange he gets the change to, right after all the mindless plebs have pumped up the price.
Why both wasting your time when the risk of this is more than 50%?
Escrow is definitely a good choice. Even if you have a good relationship with them, you still need to be really careful if it is a large amount of money. Do not trust anyone in this market because they will easily change themselves for some money
yeah, because of that there are some trusted people who can be used as escrow here, for example, yahoo. however, escrow is indeed the best way so far that I think of for bounty hunters. but, most new projects don't do that. 
Escrow is definitely a good choice. Even if you have a good relationship with them, you still need to be really careful if it is a large amount of money. Do not trust anyone in this market because they will easily change themselves for some money
In any business or deal , trust matters alot. I won't advice you to deal with someone you can't trust . Another thing is don't do things you don't have some knowledge about it. Try to understand developing process , and then you will be able to know the ways that any developer can scam you either trusted or not.
Yeah agree. But, there are easy precaution methods are available to deal safely like even we trust them, there will be no need to blindly believe anyone. It means you can trust your devs but that does not mean that you do not need to cross check them. It should be like, if you trust then start working with them and still you must follow all the cross-checking process.I guess, explorer will be more than enough for anyone these days to make sure nothing happens in hidden manner. But, forking bitcoin could be different case. Devs might load their won wallet with lots of coins and then may claim them like anyone else. So, forking must be a different case than usual blockchain developments.
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
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 think before you take any action with the said developer, you need to verify him first, try and know as much as you can about him this will help you know when something is going wrong and have a free mind too. Also, to be on the safer side, you can get recommendations from those who already are in the business; I believe they will suggest the best person so that their reputation won't be questioned in the near future. But again, how would know if the thing is done correctly or the way you want? Therefore it's wise having a little knowledge of what you are venturing into.
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!
Cooperate with reputable people beforehand, Or you should seek acquaintances to cooperate If this is not possible, the last resort is to use escrow. I believe you will get the job result and not be fooled by anyone 
In any business or deal , trust matters alot. I won't advice you to deal with someone you can't trust . Another thing is don't do things you don't have some knowledge about it. Try to understand developing process , and then you will be able to know the ways that any developer can scam you either trusted or not.
The problem is the developer has the right to change the rules or requirements anytime and mostly the team changed it at the middle or end of the campaign and how we can deal with it while the new rules was putting the hunters into a lot of disadvantages? This is the difficult thing to get the solution. In any business or deal , trust matters alot. I won't advice you to deal with someone you can't trust . Another thing is don't do things you don't have some knowledge about it. Try to understand developing process , and then you will be able to know the ways that any developer can scam you either trusted or not.
She hasn't hired someone yet so I guess hiring will take her to trustworthy freelance website like upwork. The freelancers on the platform are more concerned about their profile having no unsatisfied clients for it's their way to get more job contracts. I'msure those freelancers wouldn't risk the reputation he built for years just for the premined coins from the forked coins.
In any business or deal , trust matters alot. I won't advice you to deal with someone you can't trust . Another thing is don't do things you don't have some knowledge about it. Try to understand developing process , and then you will be able to know the ways that any developer can scam you either trusted or not.
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 think that will be simple, you hire the developer and let them process the fork and the premine in premine wallet.
Later, you just need to send the premine coin from the premine wallet to your own wallet (you should create your own wallet without the knowledge of your developer), with this way, the premine coin will stay safe in your own wallet.
As long as there's money involve in anything, people are likely cheat. That's man's nature. You should not or cannot trust anyone as of these days. I think it would be better if you learn to be a developer yourself, but if you really can't. Hire someone you know personally, someone reputable and a known one, if possible, someone you know personally, so when the day comes that he/she really cheated on you, you can look for him/her and let that person pay for what they've done.
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