Haseeb Qureshi

It's just not true that we use smart contracts instead of legal contracts.

In fact, you know, we're a crypto VC.

We are one of the most sophisticated financial actors in the crypto industry.

And when we sign a deal to buy tokens, just to buy tokens from a counterparty that's like a foundation or a startup that's building a token, we sign a legal contract.

In fact, even when we do have a smart contract, we also sign a legal contract just in case something goes wrong with a smart contract, which has happened.

So what that tells you is that this stuff is not designed for humans.

It's not designed for humans, but it is perfectly designed for non-human actors.

So I made this analogy recently at Eat Denver that if you think about who is saying this

Who was making the argument that smart contracts are this perfect replacement for the traditional legal system, for traditional property rights?

This story was being told by autistic software engineers who were the original people who built Ethereum, right?

Well, it turns out that's not very much like most users of Ethereum.

Most of them are not autistic software engineers, but AI agents are actually more similar to autistic software engineers than they're similar to the rest of us.

And so I think in a way, you can see how the idea that, okay, I'm going to negotiate a smart contract.

I'm going to go back and forth with you about every single individual term.

I'm going to statically analyze it and see all the different ways it could go wrong and maybe even formally verify it before I decide to agree to it.

That's exactly what quad code can do perfectly.

in the span of minutes.

Whereas as a human being, I need to go hire a software engineer and you spend a lot of time looking at all the code, thinking about all the edge cases, talking about it with my lawyers to do a risk analysis.

I'm not comfortable doing that with a smart contract relative to a legal contract.

But an AI agent might be actually way more comfortable doing it with a smart contract than with a legal contract.