Imagine yourself at a casino in Vegas. You have to go to the window to "buy" chips, which you gamble with. At some time, you go back to the window, to trade your chips in for dollars.
With "Texas Tokens" - the guy at the window, who you buy your chips from, is a State of Texas employee. The chips have rfid serial numbers, and the State knows automatically, who bought the chip, and who eventually redeemed it for dollars.
This system eliminates the fraud, and moral objections from gambling.
- Since a half ounce silver coin (one chip / token) cost about $10. The minimum bet would be $10, and this high "entry fee" would stop poor people from wasting their money gambling.
- If someone has a gambling problem, their wife could get a court order to limit the amount of tokens the problem gambler could buy each month.
- The state could simply refuse to sell tokens to impoverished welfare recipients. This would be perfectly legal in the same sense that only financially responsible persons are allowed to drive in the State.
