If I have a seed in addition to a 2-of-3 vault, it would be like a 2-of-4 in a sense, wouldn't it? That is: with a seed, it's as if you had the original wallet.
But it's also another complication since I need to find where to hide this seed. And I think it's already quite difficult to manage the 3 different locations with the 2-of-3 multisig.

The desktop of the 2-of-3 is not airgapped, it's a "normal" computer, used for all other things. Each element of the 2-of-3 vault has its own weak point (the hardware wallet is the stronger element, though), sure:
The desktop can get a virus and be stolen, as well as the mobile phone. But what probability is that both of them get stolen or get a virus/keylogger at the same time (and combine to get the 2-of-3)?

Thanks for your comment.
It will be used as a cold wallet, hence to store my share of BTC which won't move frequently.

That's precisely my goal with a 2-of-3 multisig: to avoid a single point of failure (like the desktop being compromised by a keylogger).
Isn't it enough to have 2-of-3 multisig or do I need to add passphrase, seed, PIN for one (or all) of them?

Hi

My 2-of-3 vault I'm trying to set consists of:
- a Desktop electrum at one house
- a Trezor at another house
- a Mobile phone electrum (most of the time on me)

So, that's already quite an organization when you want to send some BTC from this 2-of-3 multisig.
But each of them has by default: a passphrase (or a PIN for the Trezor), a words seed. So, you multiply by 3 the cumbersomeness of this configuration.
Can I spare myself all of those? What do you think?

Thanks!

New legislation in Slovenia with a flat 5% tax.
https://coingape.com/breaking-slovenia-introduces-5-flat-crypto-tax/

I say it's quite favorable, compared to most countries.
I can't put my hand on the paper which describes this law in detail, if someone can help me.
Do you guys know whether the law is applicable directly for 2022 or for the next year?

I didn't see this thread, thanks. Better to continue on that other thread then.

Yes, it looks very good on paper: Keep your bitcoin and get fiat to buy a house for example. But...

- You lose complete ownership on your BTC. What prevents some companies with funny names ("YouHodler" - seriously! - ) and created only 2 years ago to escape with your BTC?
- the LTV (the amount of BTC you need to put as collateral) is usually 100% of the loan!
- AND you pay also interest rate on that: So the lender gets your bitcoins (that he can borrow to others) + the interest rate that you gave him!
- Not to mention that if the price of Bitcoin decreases, you have to increase the amount of BTC put as collateral.
Imagine taking a loan and each month the lender asks you for your month salary and alters your loan if he detected that your salary has decreased (even if you pay the interest rate correctly)!

Bitcoin-backed loans are really insane and they make no sense at all!
I guess that's because there is not enough competition on this market for the moment but I don't understand how someone with a sane mind can purchase this for a start.

Not yet.
I've just opened an account with NKBM eventually.

Is it possible to borrow fiat? I only see xUSD, rBTC, SOV.

Maybe bitcoin-backed loan. I know that loans (in general) aren't taxable in the US but you may verify it's the same in India.

Oui, c'est cet article de loi auquel je fais allusion pour qualifier les BTC en tant qu'avoir.


Si le prêteur prend possession de vos Bitcoins (qu'il peut vendre quand le client fait défaut), c'est une cession. C'est le cas pour NEXO par exemple où vous déposez des Bitcoins sur le compte de NEXO.  
Des avocats fiscalistes vont dans le même sens: http://www.avocatsfiscalistes.fr/2020/11/03/backed-loans-de-crypto-monnaies/

Ce type de montage s'appelle un crédit lombard.

Et les avoirs sur lesquels sont accordés le crédit sont taxables (le Fisc a spécialement rajouté une ligne dans la loi pour dire que les monnaies "virtuelles" étaient des avoirs). Comme si vous vendiez tous vos Bitcoins.
Donc aucun intérêt, du moins pour le Français.

Maybe your friend could do a a bitcoin-backed loan? They don't ask about the origin of the bitcoins.

He can even do P2P lending (completely anonymous) with HodlHodl: https://www.coindesk.com/business/2020/10/22/bitcoin-hodlers-get-a-lending-option-with-no-kyc/

25% tax, not really a tax heaven but still better than a lot of countries in the UE (except Portugal but how long will it stay...)

Ok, I've tried Slovenia: As a foreigner, even with a legal residency, you can't even open a bank account there! Except if you are a slave (=employee in Slovenia) or old people (=receive a pension).
So no point of thinking about this country.

[Follow-up]
WTF!?! I've been to Gorenjska banka then to NovaKBM and in addition to the normal personal documents, they are demanding a "Potrdilo o zaposlitvi ali prejemanju pokojnine" (certificate of employment or retirement).
So only slaves or old people are allowed in their f** banks! You can't be self-employed (and let alone in crypto-trading) apparently  

Ok, thank you. I will take Gorenjska banka then. Their fees aren't too bad furthermore.

Živjo!
I will go to Slovenia and open a trading business there since I've got an opportunity to live there thanks to a friend and tax seems better than in my country. Which bank is the most bitcoin friendly?
I've read about "Gorenjska banka" (It was the bank of Bitstamp if I remember).
Hvala lepa!

I've got a question: Why?
Why has Japan decided to legalize bitcoin now? I've heard about "it's is good for innovation", "the will to lead the bitcoin economy" etc... but this seems to me quite peculiar for a government not very renowned for its audacious moves (the quantitative easing as everybody, the explosion of the debt etc...).
Or maybe they are in so dire straits, the Yen is about to flank in about a moment, they know they will default soon etc... Something seems fishy here.

I've got an idea based on how the human memory works:

For the memory, recognition is way easier than recall : for example, when you're speaking a foreign language, it's a lot more difficult to write the Japanese kanji for "love" (it's "愛") than to recognize it among other candidates. Or it's easier to understand some words of Japanese than to produce them yourself. Or in other words, speaking is always more difficult than understanding.
And secondly, the brain "loves" visual mode, way more than language/word mode.

So:

Imagine a steganographical image of a room for example. The steganography is not used to hide the code, but only because the brain likes pictures, not words. the code is inside a very small portion of the code, on which Average-Joe must click. there are lots of elements in the room picture (or landscape or city street etc) so that it's not easy for him to "know" beforehand what the cue is. But if he sees it, he recognizes it. Always based on the fact that recognition is superior to recall.
To increase the protection, the image must be large enough, and even using 3 or 4 different images like this (it's a bit like a Re-captcha actually).

Ok, fair enough. And what about Belgium?