That's not at all true. Besides which it works both ways, customers have to deal with coders who don't deliver and coders have to deal with customers who don't pay. In fact from that perspective it's much more difficult for coders because customers don't have an obvious track record.
But you should definitely be careful, the sticky is there for a reason and it's clear that a good deal of people who get burned (not in this case) do so because they didn't read and pay attention to it. I've seen numerous cases of people hiring coders who are barely half-way through their teenage years, something I personally would never even consider.
But it's understandable to be very cautious, naturally.
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