Renowned crypto industry venture capital firm Dragonfly partner Haseeb recently posted that even top-tier Web3 institutions still heavily rely on traditional legal contracts when handling large investments, rather than fully trusting smart contracts. He proposed a disruptive viewpoint: that the cryptocurrency system, which lacks fault tolerance, was not originally designed to serve humans but is instead a perfect financial infrastructure tailored for future high-speed AI agents.
— Haseeb >|< (@hosseeb) February 18, 2026
Breaking the Myth of “Code as Law” in Web3
In the world of Web3, the principle that code equals law has long been a point of pride for the industry. However, Haseeb points out that even institutions with top-tier smart contract auditing teams are still hesitant to entrust millions of dollars in transactions entirely to code, due to potential vulnerabilities in the EVM (Ethereum Virtual Machine). Usually, they add physical legal agreements as a final safeguard because, when disputes arise, human judges’ common-sense judgments often feel more reassuring than cold, unpredictable code.
Systems to Prevent Human Error vs. Zero-Fault Blockchain Mechanisms
The concerns of large institutions about on-chain operations reflect the fundamental differences between traditional finance and DeFi. Traditional banking systems have developed over centuries with core mechanisms designed to prevent human errors, such as intercepting large suspicious transactions. In contrast, the crypto market is filled with addresses, phishing domains, and traps that can instantly drain assets. This ruthless mechanism, lacking safeguards and deeply counterintuitive to human instincts, proves it was never meant to align with human habits of managing money.
AI Agents Rising: Smart Contracts as Perfect Machine Protocols
However, what humans see as rigid traps, machines see as perfect operational standards. AI systems are tireless and can audit contracts within milliseconds. Compared to lengthy, subjective traditional litigation, AI actually trusts smart contracts with absolute certainty. Two AI agents can even negotiate, verify, and sign binding economic agreements instantly through code.
Cryptocurrency Networks Will Become AI-Specific Financial Infrastructure
Currently, traditional financial systems only recognize individuals, corporations, and governments as legitimate fund holders, and cannot handle anti-money laundering (AML) checks or legal responsibilities for non-human entities. In contrast, permissionless crypto networks do not require participant identification, which is ideal for AI agents. This suggests that future Web3 infrastructure and tokenomics are likely to be reconstructed around these high-frequency AI participants.
This article: Are cryptocurrencies unsuitable for humans? Dragonfly partner: AI agents are the true rulers of Web3 finance first appeared on Chain News ABMedia.
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