Haseeb Qureshi

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.

So obviously it's ultimately for humans in the sense that the human is the end recipient of value from what's happening on the blockchain.

But the idea that as a human being, the right way that you are going to interact with the blockchain is by you moving your mouse, clicking on the metamask extension, typing in your little password, you know, going in there and like clicking the buttons and manually approving the gas.

That stuff is obviously so alien.

to human beings and the way in which we think about money and finance and accomplishing our financial goals.

It's a little bit like, imagine that with the banking system, human beings had to write their SWIFT codes.

SWIFT was not made for humans.

SWIFT was made for an interbank communication protocol.