Haseeb Qureshi

The answer is because we trust the legal contract more than we trust the smart contract.

Because the legal contract, we know if something goes wrong, who is going to decide the outcome?

The answer is a judge.

A judge will decide the outcome.

And the judge will probably not include a bug in the contract.

If the contract is written in a weird way, the judge is going to make sure it does something pretty reasonable.

But if a smart contract is written in a weird way,

and there's a bug in the smart contract, the EVM is not gonna do something reasonable.

The EVM is gonna do exactly what the bytecode says.

And that's not what I want.

That's not what my counterparty wants.

We both want a reasonable thing to happen.

And so the reality is that we are better at understanding what will happen in a legal contract than in a smart contract.

But AIs are different.

Okay, AIs are different.

Why are AIs different?

AIs are different because they actually can easily understand a smart contract

they can much more easily understand code than they can understand a legal contract.

Okay, now why do I say that?

A legal contract is by its nature random.