this post was submitted on 31 Oct 2024

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Monero

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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

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Is this how plausible deniablity works in XMR? (monero.town)

submitted 2 weeks ago by NoobFromXMR@monero.town to c/monero@monero.town

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say someone asked you to open your wallet and asked you where your funds came from, can you just say that you mined it? since XMR cant be trace afaik

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[–] Varyk@sh.itjust.works 1 points 1 week ago

I don't know by what right? or legal process they would seize your monero unless you admitted to it being yours and personally sent them the XMR, but yeah, at the moment, xmr being entirely fungible means that it's basically the same as cash.

it comes from where you say it comes from.