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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Monero, XMR, crypto, cryptocurrency
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Yes you can just say that.
If someone knows for a fact that you have Monero and they know the exact amount, and want to know where it came from:
If someone suspects that you have Monero but does NOT know how much:
If no one suspects that you have Monero, and for now you are "in the clear":
Of course it is better if you avoid anyone knowing you have Monero altogether.
Remember that you always have the option of moving them to a new wallet, say you got hacked and have no access to it.
Of course all this depends on your country and how authorities are there. If you live in a very authoritarian area where authorities do not care about evidence and they only care that "you look guilty", nothing will save you. If you live in a country where you must go to court and be proven guilty, I think with Monero its pretty easy to do any of those steps and cover your ass.
But as always, try to not be discovered using Monero in the first place