Haseeb Qureshi

which is also obviously random.

So all these things are intentionally random.

We designed them to be random, which means if you're an AI agent, you look at a legal contract and you're like, I don't know what's going to happen.

This is uninterpretable to me.

It's literally non-deterministic, right?

Whereas a smart contract is actually machine code.

It is actually compiled into the EVM bytecode and you can analyze it step-by-step.

This is exactly what will happen in 100% of scenarios.

Now, as human beings, we might know that that's true,

But we don't feel that that's true.

It doesn't feel intuitively true to us that the legal contract is actually less predictable than the smart contract.

To us, it's the other way around.

Even though there's all this randomness in the legal contract, we find the legal contract much easier to predict what's going to happen than the smart contract.

And so my claim is that that's because of our bounded rationality.

It's because of our inability to process code as effectively as an agent would.

But for an agent, all the stuff that we were saying about how smart contracts are a better way to create enforcement and property rights, it's actually true for agents.

And my claim is that that's going to change a lot of the way in which the original promise of crypto gets interpreted.

It's not going to be humans taking advantage of it.

It's going to be agents in concert with humans taking advantage of it on behalf of

of the human that it's acting for.