Haseeb Qureshi

And the longer I've sat with this, the more I've started to become convinced that if this is true, if we're still telling ourselves this 10 years later, then maybe the problem is not with the user.

Maybe it's just that this is the wrong user.

It started to really click for me when I kind of saw how capable AI agents were at navigating code compared to how difficult it is to navigate other kinds of poorly formed problems.

Right.

Like there used to be the story.

And I remember the story when I first got into crypto.

Literally the first blog post I ever wrote about crypto talked about this.

The idea that smart contracts were going to replace the law.

They were going to replace traditional contracts.

That's why they're called smart contracts, right?

It's supposed to be this analogy that in the future, you're not going to sign an agreement that's adjudicated by lawyers.

You're going to sign an agreement with somebody in code.

And the reality is that that story never happened.

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.