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The original was posted on /r/monero by /u/realtoasterlightning on 2024-02-13 09:32:15.

I'm reading up on how Monero works, and I'm very confused. I understand the basic structure of how a cryptocurrency works, but I don't understand how Monero's anonymity works.

From what I've read, Monero uses ring transactions to do two things: Obscure the amount of money you send, and make it look like the money could've come from multiple sources. However, that means that you could deny having spent your money when you did, or pretend you spent less than you did. How does Monero prevent you from spending more money than you actually have if others can't see your balance?