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Haseeb Qureshi, managing partner at Dragonfly, argues that the continued friction of cryptocurrencies stems from a deeper incompatibility: their architecture seems more compatible with artificial intelligence (AI) agents.
In his view, many of the perceived failure modes of cryptocurrencies are not design flaws, but rather signs that humans were never the ideal primary users.
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The disconnect between man and crypto
In a detailed post on the X website, Qureshi argued that There is a fundamental dichotomy between human decision making and the deterministic structure of blockchain. The first vision for the industry was to imagine a world in which it dissolves, he said Smart contracts It replaces legal agreements and courts, with property rights directly enforced throughout the chain.
But this transformation is not done. Even crypto-native companies like Dragonfly still rely on traditional legal contracts.
“When we sign an agreement to invest in a startup, we do not sign a smart contract. We sign a legal contract. A startup does the same thing. None of us is comfortable completing the agreement without a legal agreement… In fact, even in cases where we have a legal contract on the chain, there is usually also a legal contract.” He said.
According to Quraish, the problem is not technical failure but social inequality. Blockchain systems work as designed, but they are not structured around human behavior and errors. Even compare that With traditional banking, That has evolved over the centuries to explain mistakes and abuse.
“The bank, as terrible as it is, was designed for humans,” he added. “The banking system was designed specifically with human imperfections and failure patterns in mind, and has been refined over hundreds of years. Banks are human-adapted. Cryptocurrencies are not.”
He added that long cryptographic addresses, blind signing, real estate transactions and automated execution are incompatible. Human intuition about money.
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“That’s why in 2026, it’s always scary to blindly sign an agreement, get outdated approvals, or accidentally open banks. We know that we have to check the contract, double-check the domain, check for address spoofing. We know that we have to do all that, every time. the executive.
Artificial Intelligence Agents: Are They The True Natives Of Cryptocurrency?
Qureshi suggested that artificial intelligence agents They may be more suitable for design digital currencies. Explain that AI agents do not stress or skip verification steps.
They can analyze the logic of the contract, simulate side cases, and execute transactions without emotional hesitation. While humans may prefer legal systems, AI agents may prefer code determinism. According to him,
“In this sense, cryptocurrencies are self-sufficient, fully legible, and as deterministic as a system of property rights around money. It is everything an AI agent could want from a financial system. What humans see as solid guns, AI agents see as a well-written model … Even in legal terms, our traditional monetary system was designed for human institutions, not AI.”
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Qureshi expected that Digital currency interface The future will be a “self-guided wallet”, entirely mediated by artificial intelligence. In this model, AI agents manage financial activities on behalf of users.
He also proposed that independent agents could make direct transactions with each other, establishing the infrastructure For permanent and non-certificate digital coins At the permission as a natural basis for a machine-to-machine economy.
“I think the thing is: the failure modes of Cryptocurrency, which always made people feel broken, were never dangerous. They were just signs that we humans were the wrong users. In 10 years, we will look back and be amazed that we made humans fight with cryptocurrency on their heads,” underlined Qureshi.
However, he warned that such a transformation would not happen overnight. Technological systems often require complementary advances before reaching the mainstream.
“GPS had to wait for the smartphone to arrive. TCP/IP had to wait for the browser to arrive,” noted Qureshi. “For cryptocurrencies, we can find it in AI agents.”
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Recently, Lees Bank founder Ryan Adams also argued that cryptocurrency adoption is stalling due to poor user experience. However, he suggested that what appears to be a “bad user experience” for humans may actually be the ideal user experience for AI agents.
Adams predicted that billions of AI agents could eventually push cryptocurrency markets past $10 trillion.
“In a year or two there will be billions of customers, many of them with wallets (and then a year later they will be trillions). The AiFi narrative is as underground as the diva in 2019. The dry flame is quietly welcoming, but at some point it will catch fire. Nobody cares about cryptocurrencies now because the price has fallen from the agents of the digital scale … but I believe that the agents of AI have fallen. the next frontier for decentralized finance,” he says. Post .
The original machine encryption thesis is strong, but the real limitations remain. AI agents can conduct transactions autonomously, but the responsibility ultimately falls to humans or institutions, keeping legal systems important.
Deterministic smart contracts reduce ambiguity but do not eliminate exploits, governance failures or systemic risks. Finally, it can also be argued that if AI becomes the primary interface, cryptocurrencies can fade into the back-end infrastructure rather than operating as a parallel financial system.
