Crypto Wasn’t Built for Humans. We’re Fixing That.

Hey Lantern Community,

Haseeb Qureshi, the managing partner at Dragonfly, one of the biggest crypto funds in the world, recently admitted something most crypto OGs would never say out loud.

He's still scared every time he uses crypto.

His argument: crypto was never meant for humans.

Haseeb is getting warmer but is still missing the mark.

Today, we’ll explore our perspective and why we’re taking a different approach.

Crypto Was Not Made For Humans

Haseeb writes:

Let me make a confession.

I've been in this space for a decade and I'm still scared every time I sign a large transaction. I'm rarely scared to approve a large bank wire.

The bank, terrible as it is, was designed for humans. It's really hard to mess it up. There are no address poisoning attacks at banks. There's no reason why my bank would ever allow me to send $10M to North Korea--but to Ethereum validators, there's no reason why my address wouldn't be sending $10M to North Korea’s address.

The banking system was specifically architected with human foibles and failure modes in mind, refined over hundreds of years. Banking is adapted to humans.

Crypto is not.

That's why in 2026, it's still terrifying to blind sign a transaction, to have stale approvals, or to accidentally open up a drainer. We know we should verify the contract, double-check the domain, and scan for address spoofing. We know we should do all of it, every time. But we don’t. We're human.

https://x.com/hosseeb/status/2024136762424185208?s=20

Everyone who has sent a crypto transaction knows crypto isn’t intuitive. It’s technical. It’s not user-friendly. It can be downright scary!

You're scared every time you sign a large transaction. Long unreadable wallet addresses that one typo ruins forever. Fake domains that drain your wallet. Address poisoning attacks. Blind signing. Gas fees that appear out of nowhere. Smart contracts with no customer support line when something goes wrong.

None of this would survive a day in traditional banking. Banks were refined over hundreds of years specifically around human failure modes. Crypto skipped all of that.

So the question becomes, what do you do about it?

Three Solutions To Making Crypto Usable

The first solution is better UX

Cleaner interfaces, human-readable addresses, and smarter defaults baked into the protocol level itself. This is happening slowly because it requires the whole industry to move together.

The second solution is Haseeb's answer: hand the wheel to AI agents.

Agents don't get tired and don't accidentally click the wrong thing. The thesis is that crypto was always meant for machines, and AI is finally the right machine. It's an interesting idea, but it’s entirely untested at scale.

And honestly, outsourcing your financial decisions to an autonomous agent introduces a whole new category of risk that we haven't even begun to map.

Third solution: design better guardrails, and more people will use crypto.

Which is what we’ve been building.

What We’ve Been Building Since Day One

What would make someone genuinely confident using their crypto?

Banking didn't become safe for humans because it invented smarter humans.

It became safe because it was designed around human failure modes like overdraft protection, fraud alerts, customer support, and deposit insurance. Hundreds of years of "what goes wrong and how do we catch it."

That's what crypto has been missing. Better infrastructure for the users.

That's why at Lantern, we don't make you manage your own wallet. We don't expose you to smart contract risk. We don't let an algorithm auto-liquidate your collateral the second markets dip.

Instead, we give you:

• A real human team you can call or text

• 72-hour grace periods before any liquidation decision

• BitGo custody with $250M in insurance coverage

• Zero liquidation fees because we don't profit when you lose

• Conservative LTVs that build in a real margin of safety

Crypto is still early. The interfaces are rough, and the risks are real. But the answer isn't to automate humans out of the picture; it's to build systems that actually work for us.

That's what we're doing.

Want to see what borrowing against your crypto looks like with actual human support behind it?

Text us at (415) 365-0100 or try our calculator: https://lantern.finance/borrow

Until next time,

The Lantern Team

This newsletter is for educational purposes only and does not constitute financial advice. Always consult with your financial advisor before making lending decisions.