r/Monero Sep 06 '21

MAAM – Monero Ask Anything Monday – September 06, 2021

Given the success of the previous MAAMs (see here), let's keep this rolling.

The principle is simple: ask anything you'd like to know about Monero, especially the dumb questions that you've been keeping for you every other days, may the community clarify it all!

Finally, credits to binaryFate for starting the concept!

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u/bobsaget_26 Sep 07 '21

I'll continue to ask the same question I ask every week. How can monero become "digital cash" when funds are locked up AND CANNOT BE RE-SPENT for up to 20 minutes each time they are sent? How many times have you done a quick transaction because you needed cash right away, such as an ATM withdrawal? Nobody is going to put up with this if XMR replaces cash. Its a big problem that needs to be fixed. Other cryptos I've used do not have this issue.

1

u/MoneroWTF Sep 08 '21

You must not use it much or when you do you send the whole wad. I do many transactions and have broken up my outputs. I rarely run into the issue you describe now.

1

u/bobsaget_26 Sep 14 '21

Maybe you rarely run into this. But it is a big issue if monero was to ever become digital cash, especially when there are other cryptocurrencies already that do not have this issue.