It's nothing more than a theoretical discussion, anyhow, but putting aside all of the various arguments for and against gun ownership, if the primary concern here is whether a "smart gun" is a compromise between safety of the gun owner over safety of everyone else, I would prefer if a gun owner had two smart guns over one conventional gun.
I don't think the technology is there yet anyhow, but if it could guarantee a gun could only ever be fired by a legally registered gun owner, then I think that's a good thing. If you don't trust the gun to misfire in a critical situation, carry 2 of them.
This preserves the right for legal gun ownership, whether it's for hunting, sport or civil/self defence, while vastly reducing the consequences of unintended and unauthorized use of the weapon.
Realistically, It won't do dick to limit the manufacture and illicit sale and trade of non-smart guns, or to limit sociopathic use of a legally registered weapon, so it's a moot point.