Counterfeiting the smart card

The smart card is your personal ledger.  Standard plastic card, chip inside, battery operated.

The counterfeiter needs to get probes on those chip cells, and know the code to recognize when a 4 kilobyte secret code is accessed. To get at the chip, she needs to tear the plastic without triggering the protective destruct. So there is a pre drill through the plastic to grab the trigger wire and eliminate the threat.

This is a five  thousand dollar job for a smart card that might have a thousand dollars in bearer digits. And, making it worse, as a pocket ID, it carries you photo, you need it to drive and shop, ther stolen cods reinserted into a perfect, blank smart counterfeit. The capital equipment involved is too exposed. The counterfeiter finds it is not worth the effort.

Plastic and silicon much easier counterfeit proofed than paper.
And the silicon adds intelligence of great utility in protecting the holder. A sturdy smart car with secure ID is worth about $150 on the market, it is a great simplifier. Open up huge opportunities for safe liquidity deployment for the holder. Low price, but it will outsell any future iPhone. It is really the next generation iPod. Many of us having more than one.

Also, allows policing of the drone traffic, an existential side effect. It makes all of us, individually, the anchors of the singularity. The AI brain will be pondering things we like. Smart phones will not win the smart contract battle. Money is that hard thing in your hand, the size of a rock, it protects you and talk to any cashier in the world. It manages your bots in the pits. Gets you current pricing everywhere.

Digital bearer cash, gold cash and paper cash all work the same, reach out and exchange by hand. Look the counter party in the eye (or secret key), reach out and tap cards.