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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[–] NoobFromXMR@monero.town 1 points 1 week ago (1 children)

what if I say that I mine it when monero is at low value, then it just get appreciated overtime and become high value... and when they ask me to see the setup, just say that you dont have it anymore coz it was long time ago? is that still work? > me the mining wallet that got those mining transactions.

[–] anesthesia@monero.town 1 points 1 week ago

Yeah you could say that, but as said in another comment, just transfer them to another wallet and claim you lost them in a hack or accident 😄