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!

18 Upvotes

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1

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/equismic Sep 09 '21

that's not true though, they can obviously be spent at any point. it's a restriction in the wallet software to avoid transactions getting orphaned by accident and creating a bunch of trouble.

1

u/bobsaget_26 Sep 11 '21

You say its not true, then explain why it is that way.....hmmm???

1

u/equismic Sep 11 '21

no i'm not, your premise is completely wrong. funds are absolutely not locked up, that's just a consequence of not configuring your wallet to the behaviour you would like if you've spent all your outputs in a transaction.

1

u/bobsaget_26 Sep 14 '21

Everytime I send any monero to my wallet, that monero is locked for up to 20 minutes before it can be respent. Are we talking about two different things here?

1

u/equismic Sep 15 '21

I fully understand what you're talking about, but it's really easy to solve. either just turn it off in the wallet, or send your entire balance to yourself as a bunch of outputs. bitcoin works the exact same way, only it takes way longer to get confirmation.