Bitcoin pulse, guides and news: 04/25/19

Thursday, April 25, 2019

The Gambler’s Guide to Bitcoin Casinos

https://medium.com/@pbet/the-gamblers-guide-to-bitcoin-casinos-794848fabdaa

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[Daily Discussion] Friday, April 26, 2019

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[Daily Discussion] Friday, April 26, 2019

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Altcoins Discussion: Altcoin Discussion

[Altcoin Discussion] Friday, April 26, 2019

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[Daily Discussion] Friday, April 26, 2019

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[Daily Discussion] Friday, April 26, 2019

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[Daily Discussion] Friday, April 26, 2019

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[Daily Discussion] Friday, April 26, 2019

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[Daily Discussion] Thursday, April 25, 2019

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[Daily Discussion] Thursday, April 25, 2019

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[uncensored-r/BitcoinMarkets] [Altcoin Discussion] Thursday, April 25, 2019

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[Daily Discussion] Thursday, April 25, 2019

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[Daily Discussion] Thursday, April 25, 2019

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And by the way, be sure to subscribe to telegrams and Twitter. It is necessary to be in a race of events which the team shares with us every day. Learn more #ooobtc #obx #crypto #bitcoin #ethereum #blockchain #btc #toqqn

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[Daily Discussion] Thursday, April 25, 2019

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What Is USDQ and Q DAO? Complete Guide from PLATINUM ENGINEERING

Mihail Kudryashev, a Front-end engineer at PLATINUM ENGINEERING, wrote this article while seeking to raise awareness about USDQ, a stablecoin his team is helping to develop. Among the biggest benefits, USDQ brings full decentralization and predictive capabilities. Soon there will be even more fully backed stable coins: JPYQ, KRWQ, SGDQ, HKDQ, CNYQ, RUBQ under Q DAO governance. Slowly learning more about blockchains, Mihail has been effective in transforming vague ideas into effective front-end solutions with strong UI/UX. Within his team, he’s helped many crypto startups to make their voice heard throughout the emerging global crypto community. In this article, Mihail looks into the key benefits that users win from using USDQ.

USDQ brings stability, with no need to engage legacy finance

How do USDQ and Q DAO coins work within the ecosystem?

USDQ is decentralized stablecoin, which uses algorithms to offer higher stability and reliability. It’s backed by Bitcoin (another top 10 cryptocurrencies will be added in future). The elegant system places all transactions on the blockchain and empower users to execute cross-border and disintermediated transactions at any time and from any place. It’s pegged to the value of USD, i.e. 1 USDQ always equals 1 USD. The ecosystem’s design borrows heavily from fractional banking systems. In the nutshell, USDQ is a customer-facing stablecoin and Q DAO is an internal “operational” coin; together they help create a stabilized safe haven for anybody who’s looking to hedge against rampant volatility of crypto markets.

Introduction to Q DAO and USDQ

There’s a number of factors that prevent mass adoption of cryptocurrencies. The biggest factor among this is high volatility, seen in crypto. Bitcoin, the oldest and most popular coin, has been fluctuating with prices oscillating between 20,000 and 3,500 in just one year of 2018. No potential adopters, be it merchants or individuals, would be happy with suffering huge losses that such drastic changes can entail. And it’s this high volatility that USDQ is set to address, bringing stability and convenience.

Tether (USDT) is probably the most well-known and widely used stablecoin. However, it has been embroiled in various controversies from the very start with no end to these in sight. Although the system is supposed to assure the 1-to-1 fiat reserves for all Tether units created, the website content has been recently changed to say that the issuer views not only cash in the bank, but also various loans to other companies, as the reserves. Both regulators and crypto enthusiasts have voiced concerns, which might bode ill for Tether in the months to come.

USDQ works differently. Here, the stablecoin is pegged to US Dollar and backed by Bitcoin (+top 10 other cryptocurrencies in future). It’s similar to lending operations and fractional banking systems. Overcollateralization is used to mitigate potential unexpected changes in assets prices.

The USDQ ecosystem is highly transparent as all of the operations are recorded on the immutable Ethereum blockchain, open to review by anybody and at any time. The smart contracts bring automation to business processes and eliminate the need for middlemen to assure trust and prevent abuse.

In order to determine how viable USDQ will be in the future, we need to discuss the two tokens used within the ecosystem.

Review of Q DAO and USDQ

Q DAO is governance token, entitles holders to participate in voting for new decisions. Importantly, holders are interested seeing Q DAO’s prices growing and thus they are incentivized to thoroughly review proposals and deliver the best decisions. In this way, Q DAO imbues higher democracy and decentralization, on which many current crypto projects lag.

In addition, all the fees, charged for the system use, can be paid only in Q DAO.

In order to create USDQ, a user needs to transfer Bitcoins into a Collateralized Debt Contract (CDC). This will automatically trigger the smart contract to generate USDQ and send it to the user. In order to change USDQ back into crypto assets, users need to pay back the amount of USDQ they input and the fees, chargeable in Q DAO Tokens. Whenever this is done, USDQ is automatically destroyed and the Collateralized Debt Сontract is closed.

In addition by getting USDQ directly at the company’s website, users can trade in USDQ on secondary markets. It’s as easy as trading Bitcoin or Ethereum or any other coin.

Traders can store both coins in their wallets, assuring higher security. The stability and ease of use for USDQ open up wide ranges of adoption for both businesses and end consumers alike.

What makes USDQ stand apart

The main difference between projects like Tether and USDQ is complete transparency and openness in the inner workings of USDQ. All the data is easily accessible on the blockchain and there are no rumors or controversies as to the reserves held by the team, potential conflicts of interest or hidden agendas.

The CDС mechanics ensure that it’s impossible to create fake units of USDQ, as smart contract can be activated only after an amount in Bitcoins is input. The development is being done completely transparent. Interested parties can review the smart contract, presented on the website. The audits and peer reviews were carried out to assure the highest quality of smart contract. The website-based scanner enables to track all the data about each and every transaction, including time, amount and collateral size.

In addition, should a “black swan” event occur, i.e. a drastic fall in Bitcoin prices, Q DAO is sold on secondary markets. Bitcoin value is liquidated to make a USDQ buyback procedure, which prevents any losses on the part of the system’s users.

Additionally, PLATINUM BLOCKCHAIN ENGINEERING which is helping to develop the ecosystem is working hard to build up long-term partnerships with stakeholders in the crypto industry. The more liaisons the team wins, the better outlook for USDQ will be.

Why do we need stablecoins anyway?

Different assets produce varying levels of volatility in prices, when compared to each other. For instance, the purchasing capacity of US dollar has reduced over time with 1 USD from 1913 equaling 24 USD today (2019). This happens due to inflation 3-10% per year.

In comparison, Bitcoin almost tripled in value in 2018 and then fell down by as much. Thus, fiat currencies are more stable, when compared to cryptocurrencies.

Stablecoins don’t attempt to fight inflation. Instead, coins like Tether and USDQ peg themselves to US dollar, bringing relatively higher stability to crypto trading communities. One of the most famous transactions with Bitcoin is when a pizza was bought with Bitcoin back in 2010. At that time, the pizza ended up costing just a couple of bucks, but today it costs millions. Although stablecoins continue to be impacted by inflation and exchange rates that come to them from fiats they peg themselves to, they are nowhere near the mindboggingly high volatility of crypto assets.

One of the major use cases for stablecoins like USDQ is concluding long-term contracts. For instance, when using a popular decentralized platform Augur, users can bet on the price of oil in 5-10 years. The problem is that you won’t only have to account for future changes in oil prices, but also for prices in Ethereum or Bitcoin that you use to make the bet. USDQ solves this problem elegantly and without much trouble. Using it, users don’t have to consider future changes in Bitcoin prices and they can concentrate on what they’ve come here for – betting on future events. And they don’t have to worry about technical details as it’s easy to purchase USDQ and use for trader’s purposes.

Betting industry is just one of the many use cases, where USDQ can bring benefits. It can be successfully used for any transactions done across borders and long-term financial contracts. Virtually, USDQ opens up new opportunities any time value is exchanged and volatility has a negative effect.

Bottom Line

USDQ has a high potential to democratise transactions between companies and individuals globally, bringing fast execution and low volatility. The “PLATINUM BLOCKCHAIN ENGINEERING” is working hard to enable and improve various features in order to help USDQ to take leading positions on crypto markets.

Here are the main ecosystem’s features:

The system uses two tokens (USDQ and Q DAO) in order to tackle volatility, while staying on the blockchain. USDQ is always pegged to USD 1:1. In order to come into line with as many national exchanges as possible and enter other markets, the company will issue other tokens pegged to the national currencies. For example, there will be CNYQ (for Chinese Yuan), KRWQ (for South Korean Won), as well as JPYQ (for Japanese Yen) at the early stage. USDQ brings higher decentralization, driving this important vector in the development of crypto industry. Q DAO holders are interested in seeing the coin grow and succeed, thus they will work hard to review and pick the best proposals for the system to move forward. Taking into account these beneficial features, there’s no question that USDQ will become a viable alternative to other fiat-backed cryptocurrencies like TUSD, USDT, GUSD, USDC etc. Competing with other stablecoins, both already operating and just being developed, PLATINUM ENGINEERING will roll out the new features and underlying tech solutions that’ll help propel the coin.

USDQ is decentralized stablecoin, which uses algorithms to offer higher stability and reliability. Fully on-chain and monitored by high-speed AI robots, ecosystem offers reliable defences against malicious acts and attacks. First run in line of fiat-pegs, USDQ is brought by PLATINUM ENGINEERING Team, looking to edge together innovative solutions in collateralization, using stabilizing mechanisms for high-endurance stablecoins. Soon there will be even more fully backed stable coins: JPYQ, KRWQ, SGDQ, HKDQ, CNYQ, RUBQ under USDQ brand. Fully anonymous, USDQ breaks limits out of this legacy world.

PLATINUM ENGINEERING values your opinion and welcomes you to continue the conversation on Telegram or Facebook, where the company’s development team is always ready to help you find solutions to pressing issues. Working on projects like USDQ, Michael has gained an invaluable suite of skills and insights, enabling to roll out high-usability UI/UX with tight deadlines and lack of clear expectations as to user behaviors. The team has successfully produced white-label wallets, stand-alone fundraising platforms, as well as integrated fundraising ecosystems. Any startup looking for a reliable partner to help execute a success-story will win from a free consultation with the PLATINUM ENGINEERING team about potential solutions to their needs and issues.

This overview may not be fully exhaustive and does not assess the viability of any project, nor its team legitimacy. Readers should conduct their own due diligence before using or investing in any of the listed Stablecoins. This article represents the author’s opinions only and should not be considered investment advice. All described functionality in the article is still under development, it can be changed/processed. Please follow the updates.

What Is USDQ Stable Coin and Q DAO? Introduction To Q DAO and USDQ

This article was provided by Alex Adylshin, Blockchain engineer at PLATINUM ENGINEERING. Working together with highly experienced designers, front-end/back-end developers, auditors, and strategists, Alex is responsible for architecting reliable and scalable blockchain solutions. He always strives to gain a deep understanding of underlying business logic, so that the delivered DLT-driven systems help strengthen the overall customer’s strategy, effectively integrating with other facets. One of such projects is USDQ, a stablecoin, driven by smart mechanisms and decentralization, which brings crypto-collateralized lending to anybody who’s willing to try. Soon there will be even more fully backed stable coins: JPYQ, KRWQ, SGDQ, HKDQ, CNYQ, RUBQ under USDQ brand. That’s pretty disruptive. Learn more about how it works in this article.

Similar to many other successful projects, USDQ leverages a stack of highly complex technologies and concepts, which require an in-depth review.

Q DAO is a classic utility coin, but it has very important governance features. In order to understand how it works, it’s best to first grasp the interrelation between the two coins, operating within the ecosystem – USDQ and Q DAO.

How do stablecoins work?

In the nutshell, stablecoin’s value is pegged to the value of another asset.

With regard to this ecosystem, it includes a coin named USDQ. It’s pegged to 1USD in the soft format, i.e. its price can sometimes a little deviate from 1USD, but it ALWAYS returns to this level. Most of the other stablecoins don’t effectively institute the pegs, but they can be seen as just an “avatar” for fiat currency. The managing company takes fiat from users and transfers to them a coin, which in fact is a form of a “promissory note”, quite similar to how fiats work.

As a result, such systems need to have a central point of control – a company which receives the fiat and provides the stablecoins in return. Such a centralized approach goes against the very philosophy, based on which the crypto industry has been built.

In contrast, the USDQ system does not use any fiat as a collateral. Instead, USDQ acts as a stablecoin, while the internal governance token Q DAO is allowed to remain freely floating and volatile.

Why do we need stablecoins anyway?

Newcomers might have a problem with seeing how stablecoins bring value and why the crypto community needs them at all. But if you take a deeper dive, you’ll see why enthusiasts talk so much about them.

To better understand the stablecoins, let’s first analyze Bitcoin, serving as a perfect example of a classic cryptocurrency:

In spite of Bitcoin becoming so popular and many people thinking about it as a cardinally new form of money, it’s virtually impossible to use it for the original purpose. Purchasing things with Bitcoin makes very little sense. With extremely huge price growth in the past, nobody would want to spend Bitcoin on buying some things and missing out on the next big move.

In addition, financial companies can’t use Bitcoin to offer standard financial services to the general population, such as deposits, lending and others. The point is that with high volatility, they won’t be able to manage interest rates because Bitcoin can skyrocket by dozens of percentage points at any point in time.

And this is the perfect opening for stablecoins to bring out their value. Coins like USDQ will become (i hope) the trigger, required to push mass adoption and maybe even replace fiats in the years to come.

How is USDQ generated?

USDQ is created by a smart contract. The system accepts Bitcoin as a collateral and outputs the stablecoin in exchange. Other top 10 cryptocurrencies are planning to be implemented as a collateral in the future.

The procedure used is similar to obtaining a mortgage loan from a bank. Quite common practice, when a bank would provide a loan amount, equal to a maximum 70% of the net value of your collateral. In this way, the bank protects itself against a potential depreciation in the asset’s value.

The USDQ ecosystem operates in a similar manner. Whenever a user wishes to obtain a loan, they will be asked to collateralize an amount in Bitcoin that is higher than the loan’s value. As of now, this rate stands at 166%.

Let’s look at an example. If Bitcoin trades at $5,000 and a user wants to receive $5,000 in USDQ, they will have to collateralize around $8,300 in Bitcoins (i.e. 166% of the loan amount).

How are Q DAO Tokens used?

Q DAO ecosystem is a decentralized autonomous organization, in which USDQ and Q DAO tokens circulate, enabled by underlying smart contracts and blockchain solutions. This system is a great example of the power that blockchains bring to the wider economy and finance. Smart contracts, used to execute transactions, eliminate the need in the third party, while also helping cut costs and increase processing speed. In the nutshell, all of the mechanisms used within the system are focused on mitigating potential volatility of USDQ against its peg, USD.

When you generate $5,000 in USDQ by collateralizing around $8,300 in Bitcoin this means that the collateralized Bitcoin is being locked away in the system, which is known as a Collateralized Debt Contract (CDC). The locked value in Bitcoin is similar to “equity” in the house being mortgaged.

If you decide to exchange USDQ back into Bitcoins, the smart contract will automatically return you the amount in Bitcoins and destroy the respective amount of USDQ.

And now let’s take a deeper look into the processes that occur whenever the price of Bitcoin changes over time.

Bitcoin price increases

Should the Bitcoin grow in price, this won’t have any negative impact on your holdings of USDQ since the smart contract already holds 166% of the loan value. In a way, it’ll just result in your USDQ becoming “stronger”.

In the event of the continued growth in prices, the value of USDQ will continue to rise too. Thus, there’s a need to have algorithms that will prevent the increase in USDQ value. The ecosystem incorporates a mechanism which motivates the creation of additional USDQ units from the same CDC smart contract. This results in a dilution of the USDQ pool with the supply growing. And the growing supply always invariably results in a decrease in prices. Gradually, the collateralization proportion will get back to the original value of 166%.

Bitcoin price decreases

While it’s easy to tackle growing prices for the collateral, a falling price of collateral is activating margin call.

In case price of Bitcoin going down, CDCs will sell off some of the collateralized Bitcoins on the open market above the 100% collateralization level. Subsequently, the obtained funds are used to buy back USDQ, which will push the price back up, since the demand will grow and an increase in the demand always results in growing prices.

What are the use cases for Q DAO, the internal governance token?

Now that we’ve learned about USDQ, acting as a stablecoin within the ecosystem, we can dig deeper into how Q DAO, an internal governance token, functions.

Q DAO has three main use cases – acting as a utility token, enabling system governance and sustaining recapitalization mechanisms.

As a utility token, Q DAO is used to pay out fees, charged upon USDQ generation via CDCs. Thus, whenever a user pays out fees in Q DAO, this amount is received by the system and then automatically destroyed.

With this destruction process being performed consistently, the number of Q DAO units decreases and thus – due to reducing supply – the prices grow.

As a governance token, Q DAO is used to enable community members to participate in the votes. Importantly, within the USDQ system, all decisions are put on the ballot with Q DAO voters being able to vote against proposals, required for any changes within the system.

The community has votes on a regular basis, which helps to sustain effective methods for risk mitigation and security assurance. In order to prevent collusion seeking to push harmful proposals, there’s a time period between the voting process and actual implementation of the decisions. Thus, Q DAO is very similar to voting rights that national citizens have or voting priviligences, vested by shares in corporations.

And it’s this community that helps steer the ecosystem towards the most optimal course of development. The Q DAO holders are inherently incentivized to take an active part in the community activities and vote only for those proposals that they deem fit.

This procedure stipulates that in the event of irresponsible or non-compliant management within the ecosystem, the community members will be punished with their Q DAO holdings going down in value. Consequently, the only way to sustain high prices for Q DAO is to determine the best course of action for the ecosystem.

USDQ development team

USDQ ecosystem is being developed by PLATINUM ENGINEERING, a major blockchain tech outlet. The team brings together a broad-based talent pool with professionals specializing in blockchain architecture, usability, back-end and front-end solutions.

With extensive experience and in-depth understanding of the blockchain development, PLATINUM ENGINEERING will be able to deploy effective stabilization mechanics and predictive capabilities, driven by the neural network.

USDQ and Q DAO: major use cases

As compared to conventional cryptocurrencies, stablecoins bring stability, offering a much better deal to adopters. Without the rampant volatility, seen at crypto markets, they enable efficient transactions processing and records maintenance. Thus, they guarantee a fixed value and enable financial companies to start providing standard services, such as lending, borrowing and more.

In addition, online e-commerce and retailers at large would stand to win from using stablecoins to transact with their customers, avoiding high volatility of Bitcoin. Crypto enthusiasts are always hesitant about spending their Bitcoin holdings, justifiably expecting a stronger growth at any time, while stablecoins will always retain the same value since they are pegged to $1.

The early cryptocurrencies adopters are mostly enthusiasts who favor decentralization and de-linking from “legacy finance”. That why, USDQ and Q DAO, being fully decentralized, would be welcome among users who would find it appealing that the coins don’t depend on any other fiat currencies, securities or authorities.

The word of mouth would quickly popularize USDQ, making it a viable option for using as a store of value and unit of exchange.

In the future, with USDQ being adopted throughout the community, Q DAO is expected to grow in value due to wider usage for paying fees and governance.

Competing projects and challenges ahead Fiat-collateralized stablecoins

USDQ is just starting out as a project, which means that the crypto community might not feel confident with using it, preferring to continue utilizing better understood fiat-collateralized coins, in the short- and medium-term.

Overall, all stablecoins (especially backed by fiat like USDT) differ a lot from other crypto projects, since they aren’t exactly aligned with the decentralization philosophy. With a certain degree of centralization retained by all stablecoin projects, they might just be a beautiful dream that won’t take roots in the crypto industry.

As of now, it’s hard to forecast how fast USDQ will become a popular item in the enthusiasts’ portfolios and how fast users will be shifting from other stablecoins into USDQ.

Global Resolution

The Global Resolution procedure stipulates the actions that will occur in the event that USDQ and Q DAO melt down.

This will happen if USDQ starts fluctuating outside of the normally seen deviation bounds or CDCs become too under-collateralized with the Bitcoin collateral losing its value by an extremely high degree.

In this event, USDQ amounts will be locked and the holders will receive the equivalent amounts in Bitcoin minus the fees payable for the use. USDQ will be terminated, but it’s possible that the Q DAO ecosystem will continue operating to create a new stablecoin.

Future potential for USDQ ecosystem

The USDQ ecosystem is being developed based on lengthy research and trials. Taking into account integrated predictive capabilities, this stablecoin will become a unique offering on the market.

In the future, crypto community will find it possible to use USDQ for any purposes, for which fiat has been traditionally utilized. It can serve for providing a down payment for a mortgage, placing a deposit with a company or storing reserves in a safe haven currency.

With the growing number of users, the development team at PLATINUM ENGINEERING will have to consider the rates at which the USDQ circulation grows, so that it’s not scaled prematurely.

In addition, USDQ is just a second try in fiat-pegged stablecoins (first is a Maker DAO) with more similar tokens to follow. Another vector for development is a multi-collateral stablecoin that will introduce a higher diversification and thus offer a better chance for a safe have use case. It remains to be seen how effective and appealing the multi-collateral token would be to the crypto community and users at large.

Bottomline

USDQ is a new iteration on the idea for a crypto-collateralized stablecoin. And stablecoins are essential for the crypto industry to move forward, winning mass adoption among individuals and businesses. High volatility, offered by cryptocurrencies like Bitcoin, is highly appealing to traders, but it prevents financial companies from using this new tech.

Meanwhile, the existing fiat-collateralized stablecoins are slowly losing their popularity because of the centralization issues and controversies surrounding these projects. Crypto-collateralized solutions seem a way forward.

USDQ and Q DAO coexist together while offering benefits to the two different target audiences. USDQ provides stability, while Q DAO opens a way to a deep-level involvement into the project’s governance and ability to reap profits.

With USDQ scaling and introducing multi-collateral offering, it’s possible that a multitude of versatile use cases will appear, bringing wider usage across the crypto community and population at large.

USDQ is decentralized stablecoin, which uses smart algorithms to offer higher stability and reliability. Fully on-chain and monitored by high-speed AI robots, ecosystem offers reliable defences against malicious acts and attacks. First run in line of fiat-pegs, USDQ is brought by PLATINUM ENGINEERING Team, looking to edge together innovative solutions in collateralization, using stabilizing mechanisms and neural networks for high-endurance stablecoins. Soon there will be even more fully backed stable coins: JPYQ, KRWQ, SGDQ, HKDQ, CNYQ, RUBQ under USDQ brand. Fully anonymous, USDQ breaks limits out of this legacy world.

PLATINUM ENGINEERING values your opinion and welcomes you to reach to Alex and his colleagues on Facebook, Telegram or LinkedIn. The team believes it’s vital for crypto-projects to talk, cross-pollinate and peer-review new solutions and ideas. The broad-based team is ready to deploy solutions for customers, delivering quick wins from business tokenization, process automation, and trustless transactions. Disrupting your own niche is slowly turning in vogue.

[Daily Discussion] Thursday, April 25, 2019

Thread topics include, but are not limited to:

General discussion related to the day's events
Technical analysis, trading ideas & strategies
Quick questions that do not warrant a separate post

Thread guidelines:

Be excellent to each other.
Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:

Get an invite to live chat on our Slack group
Set your flair to trade pretend money in the Flair Game
Weekly threads: Newbie Mondays and Fundamentals Fridays

Where Can I List My Bitcoin Cash Events?

Im starting to do meet ups and events, id like to know where i can post them to get more exposure?

thanks!!

[Daily Discussion] Thursday, April 25, 2019

Thread topics include, but are not limited to:

General discussion related to the day's events
Technical analysis, trading ideas & strategies
Quick questions that do not warrant a separate post

Thread guidelines:

Be excellent to each other.
Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:

Get an invite to live chat on our Slack group
Set your flair to trade pretend money in the Flair Game
Weekly threads: Newbie Mondays and Fundamentals Fridays

An In-Depth Look at Platinum’s Q DAO and USDQ Stablecoin

Stablecoins have been playing a bigger role in the crypto markets. It all started when Tether (USDT) became the first stablecoin to win popularity across the community. Since then, more and more coins have been popping up – Gemini, True USD, and others. All of them are, in essence, blockchain-based avatars for USD, being pegged to the dollar. USDQ is different. Pegged to Bitcoin as collateral (and other cryptocurrencies in the future), it improves on the mechanics of other stablecoins, eliminating the need to rely on “legacy” institutions. USDQ and Q DAO

Below we present the gist of how USDQ operates, how the coins are created within the ecosystem, and why many proponents call the crypto-collateralized system the optimal path for cryptocurrency.

The ecosystem functions in order to mint two coins – the internal coin Q DAO, used to manage the ecosystem, and the USD-pegged USDQ. The system is based on collateralization of Bitcoin and other cryptocurrencies, enabling any user to input cryptocurrency and mint USDQ coins, with its value continuously oscillates around $1 with insignificant deviations from time to time.

Just as other crypto-based stablecoins have gained more and more traction, USDQ is expected to grow and become an important part of the crypto markets. With more and more users, the ecosystem will become a “reserve vault”, used to safely store cryptocurrency and produce the stablecoin.

The technical development is being driven by the Platinum Engineering Team, which brings together top-notch development, marketing and strategic talent in the crypto markets. The project has been slowly gathering a community of stakeholders around it.

To understand how USDQ works, it’s important to look into the two main differences between USDQ and other stable cryptocurrencies, such as USDT, TUSD, GUSD. The one difference is the type of collateral used by these systems. In popular stablecoins, the collateral is fiat which is held in legacy financial institutions, i.e. banks.

The other difference is that those systems are hinged on the validity of the statements issued by the companies’ teams and auditors who verify the fiat reserves, while USDQ tracks all transactions and collateral reserves on the blockchain.

USDQ doesn’t need any links with banks or auditors. The process to generate USDQ is based on the smart contract which creates the so-called Collateralized Debt Contract (CDC) and locks the collateral, i.e. crypto assets. When a user wants to generate USDQ, they need to input crypto assets into a CDC, and, in return, they will get USDQ.

The ecosystem uses the over-collateralization method which is required due to high volatility seen in cryptocurrency markets. As compared to stablecoins like USDT, where the ratio is 1 USD = 1 USDT, USDQ requires a higher ratio of crypto assets to be placed as collateral, with the exact ratio amount varying. In addition to interacting with a next-generation smart contract, traders can also purchase USDQ on secondary markets.

Criticism of USDQ Many of the proponents of USDQ are drawn by the fact that no fiat is used, which eliminates any risks that might arise from dealing with legacy financial institutions. There are some concerns that the USDQ ecosystem might be vulnerable to the same risks, which resulted in the failure of the infamous DAO due to the $50-million hacking attack. Others point to the fact that should users want to exchange the stablecoin back into crypto assets, they won’t only need to return the principal amount, but also pay the fees, needed to sustain the system’s operations.

Another major concern is how the USDQ system will react to a so-called “black swan” event, an unexpected plunge in the prices of crypto assets. Questions arise about the fact that the USDQ system will dilute the amount of coins in order to prevent any negative impact. Some crypto enthusiasts worry that the attention from various governmental agencies, such as the SEC and others, might lead to the need to report to the regulating agencies the highly technical inner workings of the system.

Future plans to introduce other stablecoins Even though various concerns arise, USDQ continues to offer a viable option to collateralize cryptocurrencies and access the stable crypto-backed coin, so that traders can effectively hedge against undesired prices moves.

It is expected that the ecosystem will subsequently start accepting various other cryptocurrencies as collateral, enabling multi-asset collateralization. In addition, the system will offer stablecoins pegged to various national fiat currencies.

Other projects following USDQ It should be noted that other major cryptocurrency projects are currently considering ways to launch their own stablecoins, collateralized by crypto. Although it’s unknown what components such future systems might include and how they might operate, they will likely follow suit and leverage the same mechanics as USDQ.

Overall, users appreciate the ability to collateralize their crypto asset reserves without the need to turn to fiat, and carry out all their transactions on the blockchain.

USDQ is a decentralized stablecoin, which uses algorithms to offer higher stability and reliability. Fully on-chain and monitored by high-speed AI robots, the ecosystem offers reliable defenses against malicious acts and attacks. The first run in a line of fiat-pegs, USDQ is brought by Platinum Engineering Team, looking to edge together innovative solutions in collateralization, using stabilizing mechanisms and oracles for high-endurance stablecoins. Fully anonymous, USDQ breaks the limits of the legacy world.

Migrating LND node from one system to another

I wanted to migrate from my LND node in a Raspberry Pi to a Odroid HC1. Both systems had been built following the guide Raspibolt and some parts of Thundroid although I found that the last one was a little bit outdated. These guides are incredibly helpful for maintaning your node in these low-end machines. Thanks to Stadicus and the rest of contributors.

I don't have much money on the node and closing all channels and reopening would had lead to lose perhaps 20-30% of all my Bitcoin in onchain fees. So I though of migrating from the Raspberry to the HC1 and see what happenned, as I have seen some vague descriptions on how to do it here and here. As the two systems, file paths, user names, OS, LND versions, etc are very similar if not identical, I decided to try it. I think it is critical to have the same LND version to migrate smoothly.

Steps I followed:

- I stopped lnd and Bitcoind in both systems : 'sudo systemctl stop lnd' and 'sudo systemctl stop bitcoind'

- Ensured that they were successfully closed 'sudo systemctl status lnd/bitcoind'. I suppose that if there was some error during stop, it is good to start over the node and try to stop it again.

- Used WinCSP to transfer the whole lnd folder from the RPi (in my case it was in /mnt/hdd/ and used the same tool to insert the folder on the HC1 in same location). In my case, I had already started on the HC1 an LND node without any channel, so I renamed the LND folder on the HC1 to be able to copy the new one.

- Changed the ports 8333 and 9735 on the router to point on the HC1 instead of the RPi, although I think I could have simply assign the RPi IP address to the HC1.

- Copied the tls certificate and macaron files as shown several times on the Stadicus guide, as

$ sudo cp /home/bitcoin/.lnd/tls.cert /home/admin/.lnd $ cd /home/bitcoin/ $ sudo cp --parents .lnd/data/chain/bitcoin/mainnet/admin.macaroon /home/admin/

- I started Bitcoind. 'sudo systemctl start bitcoind' and waited to sync the chain 'bitcoin-cli getblockchaininfo'

-I started the LND node 'sudo systemctl start lnd'. The 'sudo journalctl -f -u lnd' showed that LND was waiting to be unlocked.

- I used 'lncli unlock' (I read some people that it was better to use 'lncli create' and use the seed from the old node, but I think this doesn't work, or at least the channels will need to be closed anyway) Using 'lncli unlock', I typed the password used on the RPi and voilà! LND successfully unlocked and everything works correctly.

- I assume it is important to ensure that the old RPi node never tries to start LND. It can be done by deleting the files inside the lnd folder or changing the name.

I didn't find anyone that had already done that. I don't recommend to do it if you have a lot of money, it is much safe to close all channels and transfer the funds to the new node and start over. For me, the risk was loosing maybe 30€.

Leave your comments and don't be so hard on me...

Migrating LND node from one system to another

Steps I followed:

- I stopped lnd and Bitcoind in both systems : 'sudo systemctl stop lnd' and 'sudo systemctl stop bitcoind'

- Ensured that they were successfully closed 'sudo systemctl status lnd/bitcoind'. I suppose that if there was some error during stop, it is good to start over the node and try to stop it again.

- Changed the ports 8333 and 9735 on the router to point on the HC1 instead of the RPi, although I think I could have simply assign the RPi IP address to the HC1.

- Copied the tls certificate and macaron files as shown several times on the Stadicus guide, as

$ sudo cp /home/bitcoin/.lnd/tls.cert /home/admin/.lnd $ cd /home/bitcoin/ $ sudo cp --parents .lnd/data/chain/bitcoin/mainnet/admin.macaroon /home/admin/

- I started Bitcoind. 'sudo systemctl start bitcoind' and waited to sync the chain 'bitcoin-cli getblockchaininfo'

-I started the LND node 'sudo systemctl start lnd'. The 'sudo journalctl -f -u lnd' showed that LND was waiting to be unlocked.

- I assume it is important to ensure that the old RPi node never tries to start LND. It can be done by deleting the files inside the lnd folder or changing the name.

Leave your comments and don't be so hard on me...

[Daily Discussion] Thursday, April 25, 2019

Thread topics include, but are not limited to:

General discussion related to the day's events
Technical analysis, trading ideas & strategies
Quick questions that do not warrant a separate post

Thread guidelines:

Be excellent to each other.
Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:

Get an invite to live chat on our Slack group
Set your flair to trade pretend money in the Flair Game
Weekly threads: Newbie Mondays and Fundamentals Fridays

[Daily Discussion] Thursday, April 25, 2019

Thread topics include, but are not limited to:

General discussion related to the day's events
Technical analysis, trading ideas & strategies
Quick questions that do not warrant a separate post

Thread guidelines:

Be excellent to each other.
Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:

Get an invite to live chat on our Slack group
Set your flair to trade pretend money in the Flair Game
Weekly threads: Newbie Mondays and Fundamentals Fridays

[Daily Discussion] Thursday, April 25, 2019

Thread topics include, but are not limited to:

General discussion related to the day's events
Technical analysis, trading ideas & strategies
Quick questions that do not warrant a separate post

Thread guidelines:

Be excellent to each other.
Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:

Get an invite to live chat on our Slack group
Set your flair to trade pretend money in the Flair Game
Weekly threads: Newbie Mondays and Fundamentals Fridays

Germany Regulations for Cryptocurrency

Germany, as the largest economy of the European Union, is often called one of the centers for the development of new technologies, including in the field of Bitcoin and the underlying technology. Many already established companies, as well as new start-ups are based here. In Germany, and especially in the capital, Berlin, various events and conferences are held regularly on the blockchain technology and cryptocurrencies.

On the other hand, Germany is a very bureaucratic country and is very dependent on government payment systems and therefore fear the fundamental changes that blockchain technology can bring. It is possible to say that blockchain is interesting for them, but not the transformation itselt. Therefore, for mostly non-compliant cryptocurrency industry, the situation is very complicated.

In Switzerland and Austria, two other German-speaking countries, it is already possible to easily buy train tickets with the help of cryptocurrency or simply to purchase bitcoins in post offices. At the same time, the Federal Financial Supervision Authority of Germany (BaFin) is still trying to prevent such in Steinmeier considers cryptocurrency a means to bypass taxes and money laundering. In his opinion, a very big blunder of the authorities was to leave the new industry without proper control of the central banks.

Earlier this year, Frank-Walter Steinmeier, serving as President of Germany, considered the financial industry to be fully responsible for the cryptocurrency industry, which he called the bubble. It requires financial regulators to prevent further speculation in this area. He stated that while tracking the cryptocurrency market, he did not see the currencies directly there. He called everything that happens in this area — betting games.

Also, a member of the board of directors of Deutsche Bundesbank, J. Wormeling, said earlier that cryptocurrency regulation is very difficult to implement. He argues that the actions of one state in such a global phenomenon are not effective. Wormeling sees the solution to the issue of uniting regulators around the world. In his opinion, the only way to thoroughly and correctly approach the decision on the cryptocurrency issue.

German entrepreneurs are to move away from legal uncertainty, tax legislation and social insurance obligations. All of the above is beyond their comprehension. German regulators have completely turned away from creating the conditions under which small and medium-sized enterprises can flourish. It is for this reason that we in Germany do not have a counterpart of Silicon Valley.

Swiss regulators have understood that certain serious innovations, including the blockchain and cryptocurrency, will inevitably lead to the transformation of today’s financial industry. It is also necessary to understand that the success of this industry lies at the heart of Switzerland’s economic prosperity, and therefore local regulators have taken all possible steps to create conditions so that cryptocurrency start-ups can feel comfortable and run a successful business. No wonder, probably, Zug is called the new Silicon Valley.

Moreover, there are other European countries successfully creating favorable conditions for crypto-business — Estonia, Cyprus or Malta are already skimming creams off the top.

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Weekly /r/Iowa Events Thread for the week of April 25, 2019

This thread is for any events going on in Iowa this week! What events will you be attending? What events do you want to attend? What events do you want to promote? Whats new around that state this week? Add a comment below. Anything from music to politics to a house party.

If you have any recurring events, specials, or other suggestions for this weekly thread, please send us a modmail or post it here and ping /u/annarchist - else it will likely be focused on shit Im interested in.

Please provide the following when posting new events: Time, Date, Location, Cost and some sort of description of the event.

New threads start every week, and will be stickied at the top of the subreddit. I am still working on the formatting, so if it sucks or you want changes, please provide feedback.

Here are some places to find things to do - if you see something that looks cool feel free to discuss it here because I'm sure some of us will miss it: Cityviews Calendar - Juice Calendar - Des Moines Register Event Page - Catch Des Moines Calendar - Travel Iowa Event Search

Outdoors: Trout Stocking Schedule | Iowa Biking Maps | Outdoors Things to Do | Hunting Regulations | Fishing Regulations Note -Annual Iowa hunting and fishing licenses expire on Jan. 10.

Music: Bands in Town - Des Moines | Bands in Town - Cedar Falls | Bands in Town - Iowa City | Nitefall on the River

Des Moines Reoccurring Events:
*Third Friday of Every Month is Mixology at the Science Center in Des Moines * Blues Jam Band every Tuesday at Carl's Place, $3 tallboys * Area515 1731 Grand Avenue, Des Moines - Electronics Club 2nd Wednesdays at 7pm - 3D Printing Club 3rd Mondays at 7pm - Ham Radio Night 4th Mondays at 7pm * Young Professionals Connection Calendar * Des Moines Bitcoin and Blockchain MeetUp at Gravitate in West Des Moines - 4th Thursday of the month - 7:00pm * D&D at Mistress Brewery in Ankeny Sundays 3:30pm-7:30pm.

Quad Cities Reoccuring events: * Every other Wednesday (July 25th): Eat the Streets (downtown Davenport) * relevant sub thread

Cedar Falls Reoccurring Events: * Every Tuesday night there are rides that leave at singlespeed in CF. 5:30 is the 22mph average ride. 6:00 is the 18mph average ride and women's ride. * Every Wednesday is the the CvC WOW ride that meets at 6 pm at 4th and Main St in CF. Several types of rides for all types of riders.

Council Bluffs Reoccurring Events: * Every Thursday night in council bluffs is the Taco Ride from CB to mineola Iowa

Central Iowa Bar Map - If you know who created this or want to download the XML and expand on it, please do so! If you create an updated one including your regions bar, Ill replace this one.

Note this is going to start likely central Iowa Centric as I am using that as the baseline the creation of this.

Tag/ping /u/AnnArchist if you post in here with like something added on a weekly basis. I also included the tag here so I remember to check this.

Iowa Discord Server

HOW TO GET OBX

HOW TO GET OBX

OBX takes the form of free distribution to the community, 35% airdrops and dividends to community users

Distribute OBX based on user asset balanceDuring the period, if you hold the BTC and ETH assets in the 000BTCt wallet (not including the OBX itself), you will get the OBX dividend, which will pay 5,250,000 OBX until the end of the period.
Distribute OBX based on OBX balanceDividends based on the OBX held, distributing a total of 52,500,000 0BX
Recommend new users to get OBXObtain OBX during the event by recommending new users and completing certification
Participate in the trading competition to obtain OBX to participate in the transaction to obtain OBX, this part will be divided into 100, 000, 000
AirdropFor holding an eth address, you will get OBX candy.

more info: https://obx.ooobtc.com/

#ooobtc #obx #tqn #crypto #bitcoin #ethereum #blockchain #btc #toqqn #Cryptocurrency

Tkeycoin Ecosystem

https://i.redd.it/1p2zr5ojhfu21.png

Dear friends!

During the last 2 or 3 weeks, the life of our team has been packed with important events. We announced new products, published the listing date and took our project to the state level… This was an intense time, believe us.

News and announcements following one after another, no wonder that some part of our community has lost the track and came to wrong conclusions regarding the project. Here we will - once again! - cross all the Ts and talk about what Tkeycoin project is (and what it is not).

We would like to start by repeating that Tkeycoin is not just another startup, but a whole ecosystem. We have a right to present our platform like this, since we have not only created a unique version of blockchain, but also developed a range of products based on our own innovations. Perhaps, it would be appropriate to compare us with Apple, the best-selling gadgets of this company featuring perfect coherence of software and hardware solutions.

Just think of it - we develop our own blockchain, our own cryptocurrency, our Tkeycoin payment platform, our desktop wallets, our mobile apps, our web wallet, our blockchain explorer, our cryptocurrency exchange, our payment gateway, a number of banking solutions, our mining software, our hardware wallets... And this is hardly a complete list!

This comprehensive approach gives us a hefty advantage over other platforms, since we develop and synchronize everything ourselves, without outsourcing anything to third parties. Meanwhile, we accurately study the long-term experience of global hi-tech leaders like Microsoft or Apple, and analyze existing Bitcoin, DASH, Litecoin and Ethereum solutions to adapt the most successful of them for our needs. Of course, this approach means that sometimes we have to slightly shift the previously announced deadlines. It’s logical - a complicated work is always less predictable than a simple one.

You should also understand that our project is by no means limited to making money and has never been presented as such. We do not promise you will make X coins next month, and we have no mansions or luxury cars to give away. We are focused on developing solutions that will make lives of millions of people easier and more comfortable. This is our main goal.

Of course, you can consider TKEY cryptocurrency as an investment option, but it should rather be seen as a long-term plan with certain risks involved. Sure, your investments may yield good results, but not in a week or even a month. We want all our investors be aware that we neither run a casino, nor organize any kind of giveaway, nor provide you a chance to make a fast buck. Instead, we develop the products to make the world better.

Apart from offering innovative solutions, we seek to release relevant educational materials informing our users about the advantages of distributed systems and underlying blockchain technologies. This mission is important, too - despite the recent Bitcoin hype the vast majority of people worldwide are still unaware of what cryptocurrency is and how it works exactly. That is why we regularly publish informative articles on our social media pages. Some users scornfully call this genre ‘wikipedia’, but this kind of enlightenment is necessary since we want our investors understand the basics of the technology, its perspectives and - the most important thing of all - the reasons behind their own investment choices.

We are also a little surprised by the lack of trust shown by some of our users, who still think that we are a SCAM. If we were, it would be really stupid of us to stay with you at this stage. Just think - if we sought to collect some money and escape with it, why would we attend this state-level APA meeting and similar events? Would we reveal our identities and names? Would we obtain patents for our solutions? Would we be preparing so many products for release? It would be much easier for us to take your money and run away with it a few months ago, but making money is not our top priority, in the first place.

We create technologies that are meant to transform the world. This is obvious if you consider the scale of our plans and the actions taken by us so far. A good example is our headquarters in Dubai, opened with an idea to take Tkeycoin project to the global level. The DMCC free zone gives us a wide range of opportunities for cooperation with global market leaders, since even the largest investors readily offer their millions to support an infrastructure of such a level, in such a favorable environment.

Besides, you have probably heard that the UAE particularly favor blockchain technologies. Therefore, having your headquarters in this location is very reasonable, considering the situation. Did you know that starting with 2018, the Emirates launched a global development plan based on the blockchain technology integration? Did you know that as soon as in 2020 they plan to open fully-functional blockchain-based Smart City? You have to admit that locating our headquarters in this country, with its upcoming blockchain boom, is a very wise decision.

We have really big plans for the future. And we are developing really good products that you will happily use. What we all need today is to summon up patience and keep waiting for the announced releases and listings. These events will become the milestones of the Tkeycoin project history, marking the new stages of its development.

Currently, our developers work 24/7, and you can be sure we do everything possible to launch the products as soon as possible. However, as you understand, developing solutions of this level always implies detecting unexpected vulnerabilities and dealing with unforeseen problems.

Let us respect each other. We are doing our best for you, meaning very soon you will be able to enjoy the results of our work.

Thanks for staying with us,

Your Tkeycoin team

Tkeycoin Ecosystem

https://i.redd.it/1t8qc87rhfu21.png

Dear friends!

Let us respect each other. We are doing our best for you, meaning very soon you will be able to enjoy the results of our work.

Thanks for staying with us,

Your Tkeycoin team

PSA: Get your funds out of exchanges!

Just recently found out about the ezbtc controversy, and I sincerely feel remorse for some of you who lost funds, as I've also personally lost significant amounts of funds in a similar way in the past, and it definitely sucks a lot. I still feel the sting up to this day, even though it happened years ago.

MtGox, BitGrail, and just the quite recent QuadriagaCX; at some point in the past, people have trusted these exchanges to safely hold their coins/tokens. Guess what happened? Yep. They got hacked, and some committed fraud. And now, ezbtc.

Don't be another statistic. Please please PLEASE make this a lesson to secure your funds on non-custodial wallets(preferably, a hardware wallet) and stop leaving funds on exchanges as much as possible, besides when you're actively trading. This is the only way for us to have true ownership to our bitcoin. I can't stress this enough.

The Types of Bitcoin & Cryptocurrency Wallets (in-depth guide)

[Daily Discussion] Thursday, April 25, 2019

Thread topics include, but are not limited to:

General discussion related to the day's events
Technical analysis, trading ideas & strategies
Quick questions that do not warrant a separate post

Thread guidelines:

Be excellent to each other.
Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:

Get an invite to live chat on our Slack group
Set your flair to trade pretend money in the Flair Game
Weekly threads: Newbie Mondays and Fundamentals Fridays

Faireum: Blockchain Online Gambling and Betting?

Faireum is a public blockchain with a set of protocols that focus on the gambling industry. It provides a decentralized, low-cost, transparent, and secure betting and gambling experience. The public blockchain focuses on the problems of the online gambling industry, resolving them with a set of protocols.

The platform achieves this by using its token and game contract to guarantee users a premium betting experience and superb services across lottery, horse betting, casino games, digital games, and others. Faireum also embraces a smart client—Faireum node, which provides users with a safe, seamless and ever-ready experience in playing all the games they wish to play.

Once Fair, Always Fair

Faireum operates on an industry-level public blockchain that seeks to transform online gambling platforms. Utilizing the cutting-edge technology, the platform aims to provide the safest, surest, and the best gambling experience for everyone.

Faireum develops the industry-level public blockchain to provide the technological basis for its platform. The blockchain ecosystem comprises ledger nodes, P2P networking, a virtual machine for Smart Contracts, and a set of rules to facilitate token distribution, token reward, payment getaway, digital asset exchange, and cross-chain atomic swap.

Faireum Solutions

Faireum platform has an Application Programming Interface that is suitable for third-party business providers to access through a consensus mechanism and the Faireum Virtual Machine (FVM). The Faireum main blockchain uses the Web Assembly Virtual Machine WASM) as its default run time for smart contracts. Besides, it uses Byzantine Fault Tolerance (BFT) + Delegated Proof-of-Stake (DPos) as its consensus mechanism.

The random number from Faireum blockchain is not just data anyone can deduce from the program. Together with the block hash and zero-knowledge proofs, it is not possible to deduce or predict their random number generator by using an inverse. They call this algorithm Zero Random Algorithm (ZRA). In addition to the ZRA algorithm, the Faireum blockchain is pre-configured with several other Random Number Generators (RNGs) such as:

Faireum Random Digital (FRD): dedicated to digital games
Faireum Random Casino: dedicated to casino games
Dynamic probability balance index generator, also known as Faireum Dynamic Betting (FDB): preset for real-time results such as sports quizzes

Games on the Faireum Blockchain

Faireum seeks to have a huge selection on its gambling platform including official games and the best games from their network of providers.

Lottery: a type of gambling where numbers are drawn for a prize
Casino: these games accommodate a variety of gambling activities where customers can play games of chance
Digital games: competitive e-sports is now considered a promising spectator sport, having achieved huge levels of popularity
Sports betting: This type of game involves predicting the results of a sporting event and placing a wager on the outcome

Faireum apps for business

The Faireum Smart Node (FSN) is a blockchain node that turns on a user’s computer or smart phone. It can provide both wallet functionality as a client, and proxy functionality as a server.

It works as a Node Service
Works as a client service integration
Provides a wallet or a game center
Works for Smart Node Partners and as a Smart Exchange

How to stay safe (not play yourself)

Ok so after an interaction with an individual in a chat I figure not many people know how to stay safe when browsing or using tor because apparently people dont know what a "sidebar" is.

Now by "safe" I mean not harming yourself in anyway either mentally, physically, financially, or in any other way.

For starters lets go over basic things when beginning your journey.

Do not use a vpn when browsing tor, I cannot stress this enough. It does not double your security it worsens it (Notes from tails and tor developers):

https://2019.www.torproject.org/docs/faq.html.en#IsTorLikeAVPN

https://tails.boum.org/blueprint/vpn_support/

https://security.stackexchange.com/questions/125005/why-is-home-vpn-tor-worse-than-home-tor

If you're planning on doing something that isn't illegal such as buying a product on amazon or a similar clear web website, dont use tor. If you're buying something on those sites chances are you share some amount of information with other accounts you own, i.e instagram, facebook, bank account, paypal. The info you have on there can be stolen and used against you. Dont risk it just use the clearweb.
If you are planning to buy something on a darkweb market do not, I repeat, do not use credit cards, debit cards, paypal etc. Only use bitcoin, monero, or another crypto.
Use a live usb tails drive and tails wallet if you're gonna buy off markets. Please. I know atm people say "oh electrum and tails aren't compatible anymore." Nah man, they are. You have to manually update it through terminal. Theres guides on this you can find on the clearweb.
On the topic of monetary saftey, don't send bitcoin or monero straight from your coinbase or blockchain account to the market. Just because people say something is fully anonymous, it isnt. Instead make a tails wallet through electrum and send btc from your coinbase/blockchain/etc wallet to the tails wallet and then send to your market wallet. You dont have to tumble them
Another thing about buying on markets, use the pgp key and encrypt it in a text editor. Some sites have "encrypt with your vendors pgp" checkbox, dont use that. Entering any personal info on tor in plaintext is a really bad idea.
Be prepared. Theres a site you can use to find new onion sites, just realize these can be CP, TP, or just generally fucked up stuff. Just be prepared to see it, and dont panic.
Don't download anything unless youre using an isolated usb or VM. Malware aint it, and some downloads contain malware on them that automatically run when installed, pdfs and word docs are kinda the biggest culprits on this.
Realize that the deepweb isnt anarchy. Police still are patrolling on there, they make honeypots, and try to catch the low hanging fruit, ps. dont be that guy.
Some dark markets are honeypots. Most gun sales are honeypots. There's easier ways to get untraceable guns, dont be an idiot, dont run into honeypots.

Just again, use common sense if something seems stupid or a trap, dont do it. If anyone has anything to add please leave it in the comments, theres not enough posts here about saftey.

TL;DR: Dont use a vpn, dont use personal info or accounts, don't download things. Use common sense.

Edit: Formatting