And create instant demand for secure element

Kevin Drum solves the credit hacking crisis. 

Why not a bill that requires identity confirmation in all cases and makes credit reporting agencies responsible for identity theft? It’s simple, easy, and effective. 

His solution works because it make holding a  digital identity a liability.  

The credit checkers will not hold your history, they will make you hold it.  And you will volunteer an honest, encrypted summary of your privately held information as a condition of spending. 

They do this because you will have the secure, intelligent cash card.  Your card and the credit company server will conform to a contract, signed with your thumbprint. All of yout bots will be credit cleared for your particular rsk setting.