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But wouldn't you first look up that developers prior work history on the blockchain? I'd just ask what they've deployed in the past and could then easily verify if they are skilled or a bad actor. As for the funds being stolen I think we're just at the beginning of crypto custody services. It's like in the eighteen hundreds saying banks are a bad idea because they get robbed all the time.

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“Just ask” and “easily verify” are carrying a lot of water in your comment. Ask who? Verify how? How would someone with no programming experience do it, how long would it take them, and would it be a good use of their time vs. the old-fashioned way?

There are countless cases of anonymous developers spending several years building positive reputations on Hacker News, Reddit, GitHub etc. before disappearing with >$10M USD of other people's cryptocurrency. Whether they set out to perform a long con, or whether the opportunity makes them thieves, is irrelevant - you simply can't trust anonymous people to look after your money.

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