Haseeb Quereshi: Crypto’s Not Made for Humans—It’s for AI
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 2 March 2026
⏱️ 73 minutes
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| 0:00.0 | Where do AI agents have comparative advantages over human beings? |
| 0:02.8 | The answer, I think, is most obviously, is that you cannot enforce the law against an AI agent. |
| 0:10.4 | If you are a self-sovereign agent, there is no monopoly on violence. |
| 0:14.4 | You can't throw an AI agent in jail. |
| 0:16.5 | So what can an AI agent do that's hard for a human being to do? |
| 0:19.5 | The answer is crime. |
| 0:20.7 | I'm not to say, oh no, I don't like what he's going. |
| 0:24.2 | Exactly. |
| 0:24.3 | Exactly. |
| 0:24.7 | Like, if you were talking about, like, scamming people, hacking people, like, creating all sorts of nonsense on the internet, that is where AI agents have a comparative advantage. |
| 0:37.8 | Hey, Steve, welcome back to Backels. |
| 0:40.0 | Thanks for having me. |
| 0:41.1 | Always good to be here. |
| 0:42.2 | Question for you, Hizib. |
| 0:43.3 | Why isn't crypto made for humans? |
| 0:47.5 | Crypto, you know, it's always been surprising how scary it is, even 10 years in as a |
| 0:53.9 | crypto user, to sign a big transaction. |
| 0:57.4 | And it was reflecting on the fact that I've actually never been scared to send a wire transfer. |
| 1:02.7 | I'm never worried that, oh, you know, if I don't double, triple, quadruple check my wire transfer, |
| 1:07.9 | I might accidentally send money to North Korea. |
| 1:10.0 | Right. |
| 1:10.3 | But I think about that every time I'm signing a big crypto transaction, it's just like the reality is that there's so many footguns in crypto where you know, you're reading an address and you have to think about, oh, wait, is this an address poisoning attack? Should I check the middle numbers instead of just the beginning of the end? Should I be thinking about my stale approvals? I need to check the URL to make sure this is not slightly different than what it's supposed to be. There's all these footguns that exist in crypto that don't exist in the traditional financial system. And up until now, the story in crypto, which is one that I largely believed, is that, well, this is the fault of lazy humans. And the humans just need to get with it. They need to get more security conscious. They need to have better op-sec. They just, this is your fault, not the technology's fault. 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, |
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