Haseeb Qureshi, general partner at Dragonfly Capital, says crypto infrastructure will eventually be massively adopted by machines, not humans.
Qureshi says crypto technology works, but not for ‘our society’
In an article on
That never happened, he says, “not because the technology doesn’t work, but because the technology doesn’t work for our society.”
Qureshi says crypto technology is too risky, inconvenient and difficult for people to use. Blind signing transactions, outdated approvals, worries about opening a dish drainer… All this makes mass adoption impossible for humans, but ideal for artificial intelligence (AI).
Qureshi wrote:
“And that’s the message. That’s why crypto always felt a little misshapen to us. Long, unreadable cryptographic addresses, QR codes, event logs, gas costs, and foot guns everywhere — none of it matches our intuitions about money.
That’s when it clicked for me: it’s because crypto wasn’t built for us.
An AI agent doesn’t get lazy. It doesn’t get tired. It can verify a transaction, check any domain and check a contract in seconds. And more importantly, an AI agent trusts code more than it can trust the law.”
Qureshi, who oversees $4.1 billion in assets at DragonFly, says the things that always made crypto feel broken were “never bugs in retrospect,” but signs that people were the wrong audience.
He predicts that in the future it will be laughable that humans were ever expected to navigate blockchain technology. He added:
“Ten years from now, we will look back on our amazement that we ever got people to grapple directly with crypto.
This change will not happen overnight. But a technology often comes into place once its complement is finally there. GPS had to wait for the smartphone, TCP/IP had to wait for the browser. As for crypto, we might have found it in AI agents.”
Frequently asked questions 🤖
- What did Haseeb Qureshi say about who will adopt crypto? He states that the crypto infrastructure will be adopted en masse AI agents and machinesnot ordinary people.
- Why does Qureshi think crypto has not yet become mainstream among people? He says it is true risky and clumsy for people: blind signatures, outdated approvals, drippers, gas costs and confusing addresses.
- Why are AI agents better suited for blockchain and smart contracts? Machines can do that verify domains, check contracts and execute transactions consistently without fatigue or human error.
- What is his long-term forecast for crypto UX? In about ten yearshe expects that it will seem absurd that humans were ever expected to operate blockchains directly, as AI becomes the “missing addition.”