Comment Re:Cashless can't happen, here is why ... (Score 1) 753
No.. We do these transactions with people I don't know all the time. And its fine. Last time i got a cell phone for my daughter, I am in Switzerland she is NZ the seller was some guy in a different city in NZ. We didn't need to see each other and use cash. We had no reason to trust each other.
You realise you're pointing out examples of doing transactions there are all trust based - even if you had no reason to trust that the seller would not disappear with the money, you still trusted that he would send the goods. If you trust that the seller would send the goods or that the payment would clear, then that is outside the scope of this discussion, which is "how to do EFT transactions with people you don't trust". The answer is not "trust them first, then do the transaction".
And if you don't trust someone, meeting them in person makes them no more trustworthy. How many mile on the clock on that car? Was it really looked after etc. Sooner or later you just have to trust. And mostly that works out. Cash does not fix or change that.
I don't trust what the seller says about a car's mileage, I check it out myself (last car I purchased went for and passed a full AA test before I parted with my money). The majority of the worlds population does untrusted transactions in person every day due to the ability of instant payment with cash and instant completion of sale. You're asking all these people that they should just trust other parties more?