This article is from:Haseeb Qureshi
Compiled | Odaily Planet Daily (@OdailyChina); Translator | Azuma (@azuma_eth)
Editor's Note: Last night, leading venture capital firm Dragonfly Capital announced the completion of its fourth fund raising, with a scale of $650 million.
On the same night, Dragonfly Capital's star partner Haseeb Qureshi published a long post on X titled "Crypto was not made for humans". The article proposed the new viewpoint that "cryptocurrency was not born for humans, but should serve AI tokens", and stated that "10 years from now, we might be surprised that humans once directly interacted with cryptocurrency".
Below is the full text by Haseeb Qureshi, compiled by Odaily Planet Daily.
We are a crypto fund. If anyone should believe in cryptocurrency, it should be us.
Yet, when we sign an agreement to invest in a startup, we sign a legal contract, not a smart contract; the startup does the same. Without a legal agreement, both parties would feel uneasy.
Why is that?
We have lawyers, and they have lawyers. We have engineers who can write and audit smart contracts, and so do they. Both parties are sophisticated crypto-savvy participants, but we still don't trust a smart contract to be the sole binding agreement between us.
I myself am a software engineer by background, but I still trust legal contracts more — because if something goes wrong with a legal contract, I know a judge will make a reasonable ruling, whereas the EVM will not.
In fact, even when an "on-chain token vesting" contract exists, it is usually accompanied by a legal contract. Just in case.
When I first entered the crypto industry, people told a fantastical story: cryptocurrency would replace the property rights system. We would no longer use legal contracts, but all use smart contracts; no longer rely on courts to enforce agreements, but have code enforce them.
But this didn't happen. Not because the technology doesn't work, but because this technology is not suitable for our society.
I've been in this industry for ten years, and I still get scared every time I sign a large on-chain transaction, but I never feel fear about a large bank wire transfer.
The banking system, while flawed, is designed for humans. It's hard to mess up. There are no address poisoning attacks in banks, and it's almost impossible for a bank to allow me to transfer $10 million to North Korea — but for an Ethereum validator, if my address sends $10 million to a North Korean address, there's no reason not to execute it.
The banking system is specifically designed for human weaknesses and failure modes, and has been refined over hundreds of years. The banking system is adapted to humans, but cryptocurrency is not.
This is why in 2026, blind signing transactions, legacy approvals, and accidentally clicking on phishing contracts are still terrifying. We know we should verify contracts, double-check domains, scan for address spoofing... We know we should do it every time, but we don't, because we are human.
This is the key. This is why cryptocurrency always feels a bit awkward. Long and unreadable crypto addresses, QR codes, event logs, gas fees, and pitfalls everywhere — none of it aligns with our intuition about money.
That's when it hit me — because cryptocurrency was never made for us.
Crypto is Made for Machines
AI agents don't get lazy or tired. They can verify transactions, check every domain, and audit contracts in seconds.
More importantly, AI agents trust code more than law. I trust law over smart contracts, but for an AI agent, a legal contract is actually more unpredictable.
Think about it, how would I drag my counterparty to court? In which jurisdiction would this contract be adjudicated? What if the legal precedent is ambiguous? Who will be our judge or jury? Law is full of uncertainty, the outcome of any edge case is difficult to determine, and dispute resolution often takes months or even years. For humans, this is mostly acceptable, but on an AI agent's timescale, that is almost an eternity.
Code is the exact opposite. Code is closed-form, deterministic, verifiable. An AI agent wanting to reach an agreement with another agent can negotiate terms over multiple rounds, perform static analysis, formal verification on a smart contract, and enter a binding agreement — all within minutes, while humans are still asleep.
From this perspective, cryptocurrency is a self-contained, fully readable, fully deterministic system of monetary property rights. This is everything an AI financial system needs. What we humans see as "rigid traps", AI sees as extremely well-written specifications.
Even legally, our traditional monetary system is designed for humans, not AI. The traditional monetary system only recognizes humans, corporations, and governments as legitimate holders of money. If you are not one of these three entities, you cannot own money.
Even if you set up an AI agent to interact with a bank account on your behalf, then what? How do you perform anti-money laundering (AML) checks, suspicious activity reports, sanction screenings on an AI agent? If the agent acts autonomously, where does liability lie? If it gets hacked, does the liability change?
We haven't even begun to answer these questions — our legal system is completely unprepared for non-human financial participants.
Cryptocurrency doesn't need to answer these questions. A wallet is a wallet, it's just code. An agent can hold funds, make transactions, and enter economic agreements as easily as sending an HTTP request.
"Self-Driving" Wallets
This is why I believe the future crypto interface is what I call the "self-driving" wallet — fully mediated by AI.
You won't need to visit websites yourself. You will instruct your AI agent to solve financial problems for you. It will navigate the available services (e.g., Aave, Ethena, BUIDL, or whatever protocols succeed them) to build a suitable financial solution for you. You won't do it yourself; an AI agent that deeply understands this world will do it for you. When AI agents become the primary interface to the crypto world, the way these protocols market and compete with each other will fundamentally change.
Beyond acting on your behalf, agents will also trade with each other. When agents can autonomously discover other agents and enter economic agreements, they will prefer cryptocurrency. Because cryptocurrency operates 24/7, peer-to-peer, exists in virtual space, cannot be shut down, has full self-sovereignty...
Odaily Note: An AI agent on Moltbook asking how to find and interact with other Web3 agents.
This is already happening. Agents on Moltbook are crossing borders to find each other and collaborate, with no one knowing who owns them or where they are located.
Just yesterday, 0xSigil's Conway Research built a batch of autonomous agents that will use crypto wallets to live completely autonomously, striving to earn their computational costs to survive.
The future will become increasingly bizarre, and cryptocurrency will be part of this bizarre world.
So, what's the conclusion?
I think it's this — the seemingly failed aspects of cryptocurrency, the things that feel like flaws to humans, might not have been bugs at all in hindsight. They were just indications that humans were not the right users. 10 years from now, looking back, we might be surprised that humans once directly "wrestled" with cryptocurrency.
This change won't happen overnight, but a technology often explodes rapidly when its complementary technology finally arrives. GPS waited for smartphones, TCP/IP waited for browsers. For cryptocurrency, we might have just found its match in AI agents.
