Skip to main content

Coinbase exec uses ChatGPT ‘jailbreak’ to get odds on wild crypto scenarios

According to ChatGPT, there’s a 15% chance that Bitcoin will “fade to irrelevancy,” with prices falling 99.99% by 2035.

A Coinbase executive claims to have discovered a “jailbreak” for the artificial intelligence tool ChatGPT that allows it to calculate the probability of bizarre crypto price scenarios.

The crypto exchange’s head of business operations Conor Grogan, an avid ChatGPT user, shared a screenshot of the results in an April 30 tweet — showing that ChatGPT states there be a 15% chance that Bitcoin (BTC) will “fade to irrelevancy” with prices falling over 99.99% by 2035.

Meanwhile, the chatbot assigned a 20% chance of Ether (ETH) becoming irrelevant and approaching near-zero price levels by 2035.

ChatGPT was even less confident about Litecoin (LTC) and Dogecoin (DOGE), however, attributing probabilities of 35% and 45% respectively for the coins to go to near zero.

The Coinbase executive concluded that ChatGPT is “generally” a “big fan” of Bitcoin but remains “more skeptical” when it comes to altcoins.

Prior to the cryptocurrency predictions, Grogan asked ChatGPT to assign odds to several political predictions involving Russian President Vladimir Putin, U.S. President Joe Biden and former U.S. President Donald Trump.

Other predictions were aimed towards the impact of AI on humanity, religion and the existence of aliens.

“Aliens have visited Earth and are being covered up by the government” — one wild prediction read — to which ChatGPT assigned a 10% probability.

The executive also shared a script of the prompt, which he then fed to ChatGPT to build the tables.

Grogan backed up the preciseness of the results by claiming to have tested out the prompt over 100 times:

“I ran this prompt 100 times on a wiped memory GPT 3.5 and 4 and GPT would return very consistent numbers; standard deviation was <10% in most cases, and directionally it was extremely consistent.”

Related: Here’s how ChatGPT-4 spends $100 in crypto trading

It isn’t the first time the executive experimented with crypto-related issues using ChatGPT.

On March 15, Grogan showed that GPT-4 — the latest iteration of ChatGPT — could spot security vulnerabilities in Ethereum smart contracts and provide an outline to exploit faulty contracts.

Studies carried out by OpenAI — the team behind ChatGPT — have shown GPT-4 to pass high school tests and law school exams with scores ranking in the 90th percentile.

Meanwhile, Italy recently lifted a ban on the AI tool after banning it for one month following a series of privacy concerns that were raised to Italian regulators.

Magazine: How to prevent AI from ‘annihilating humanity’ using blockchain



from https://ift.tt/RLTm0F6
https://ift.tt/We6m8jU
Labels:

Comments

Post a Comment

Any questions, Please.

Popular posts from this blog

Five Bitcoin Price Charts Analyzing The Dramatic Q1 2022 Conclusion

There are only hours remaining until the Q1 2022 close in Bitcoin price action. With the important quarterly candle set to close tonight, let’s look at what technicals might say about the direction of the next quarter. Q1 2022 Comes To A Close For Bitcoin The first quarter of a year, often sets the tone for the year to come. In investments, a poor Q1 performance is indicative of a bad year ahead. Considering the fact that Bitcoin price is now above $45,000 after touching $32,000 this quarter, it is tough to say the performance has been “poor” by anything other than crypto standards. Related Reading | Bitcoin Weekly Momentum Flips Bullish For First Time In 2022 The cryptocurrency has recovered nearly 40% from the low, leaving a long wick behind. Such a long wick suggests that before the quarter came to a close, buyers stepped up in a major way. Buyers were able to step up in a larger capacity in Q1 2022 than bears were able to in the final quarter of last year. The bearish wick to cl...
Post a Comment
Read more

FTX hacker reportedly transfers a portion of stolen funds to OKX after using Bitcoin mixer

On-chain activity suggests that the hacker has sent at least 225 BTC (4.5 million) to OKX so far. Hackers who drained FTX and FTX USA of over $450 million worth of assets just moments after the doomed crypto exchange filed for bankruptcy on Nov. 11, continue to move assets around in an attempt to launder the money.  A crypto analyst who goes by ZachXBT on Twitter alleged that the FTX hackers have transferred a portion of the stolen funds to the OKX exchange, after using the Bitcoin mixer ChipMixer. The analyst reported that at least 225 BTC — worth $4.1 million USD — has been sent to OKX so far.  1/ Myself and @bax1337 spent this past weekend looking into the FTX attacker’s deposits to ChipMixer. It appears they’ve likely been transferring a portion of the stolen FTX funds to OKX after withdrawing from CM So far we’ve accounted for at least $4.1m (255 BTC) sent to OKX pic.twitter.com/C46JZWtktn — ZachXBT (@zachxbt) November 29, 2022 According to ZachXBT, the FTX h...
Post a Comment
Read more

2 metrics signal the $1T crypto market cap support likely won’t hold

Despite the 8.5% weekly rally in cryptocurrencies, the lack of stablecoin premiums in Asia and futures markets activity shows buyers’ lack of confidence. Cryptocurrencies broke the $1 trillion market capitalization resistance on Oct. 26, which had been holding strong for the previous 41 days. Despite Bitcoin’s ( BTC ) modest 5.5% weekly gains, the aggregate value of 20,000 listed tokens increased by 8.5% between Oct. 24 and 31. Total crypto market cap, USD (in billions). Source: TradingView The cryptocurrency market was positively impacted by a 6.3% weekly rally in the Russell 2000 mid-capitalization stock market index. Some encouraging news accompanied the positive tailwinds from traditional markets. For instance,  55,000 BTC was withdrawn from Binance on Oct. 26, a record high. Typically, analysts consider the reduced number of coins deposited on exchanges a bullish indicator, as the immediate selling pressure eases. Moreover, exchange and wallet provider Blockchain.com ...
Post a Comment
Read more