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December 6, 2022 Coin Telegraph

A few simple prompts to a recently released AI chatbot is all Crypto Twitter needs to create trading bots, an investment thesis and a crypto-themed song.

The crypto community appears to be having a ball with ChatGPT, a recently launched Artificial Intelligence (AI) chatbot created by research company OpenAI — using it for a multitude of applications including a trading bot, a crypto blog, and even an original song.

The bot is a language interface tool that OpenAI says can interact “in a conversational way” and can be used to answer questions or assist in making almost anything it’s prompted to create, with some limitations.

A user on Twitter posted their interaction with ChatGPT showing that from a simple prompt the tool created a basic trading bot using Pine Script, a programming language used for the financial software TradingView.

Should I try running this chatGPT generated crypto trading algorithm? pic.twitter.com/0xlFoTNYdL
— Guy (@wholisticguy) December 5, 2022

Another user gave the bot instructions to create a trading terminal, with ChatGPT writing code that could display the current orders for the Bitcoin (BTC) and Tether (USDT) trading pair on Binance utilizing the crypto exchange’s Application Programming Interface (API).

Making a trading terminal pic.twitter.com/o6SIO6nMT5
— tbg (@tradertbg) December 4, 2022

Cointelegraph previously tested ChatGPT and found the tool could create an example smart contract. Meanwhile, other users discovered the AI could detect and either assist in patching or exploiting vulnerabilities in smart contracts, however, it was noted the code generated by the bot wasn’t always correct.

Crypto Twitter has not only utilized the AI tool for technical purposes but also for more creative and even business endeavors.

ChatGPT responded with a five-part answer when asked by one user what the blockchain industry needs to do “in order to positively affect society,” Twitter user “Goose Wayne” opined the bot “can write your crypto investment thesis now.”

ChatGPT can write your crypto investment thesis now pic.twitter.com/iN6uH2X1V8
— Goose Wayne (GFX) (@usgoose) December 2, 2022

The co-founder of investment firm Multicoin Capital, Kyle Samani, tweeted his results on asking ChatGPT to write a blog post on how crypto payments will grow in the future, the tool responded with a multi-paragraph article.

Planning on publishing a blog post this week about payments over crypto rails

but I guess chatGPT beat me to it pic.twitter.com/Xyg2GGq2OX
— Composability Kyle (@KyleSamani) December 4, 2022

Another lengthy opinion article was written by the AI on how Monero (XMR) “improves on Bitcoin’s technology,” with the user who posted the result opining “ChatGPT is going to put a lot of crypto bloggers out of business lol.”

Meanwhile, some Twitter users have used the tool to create music, Web3 entrepreneur Jay Azhang posted a “song about losing money in crypto” written by the bot:

i asked #ChatGPT to write a song about losing money in crypto pic.twitter.com/vU3ifHVBRt
— Jay A (@jay_azhang) November 30, 2022

Multiple other examples of ChatGPT’s use have been posted to Twitter, from its answers on how to choose a good crypto project, grow a Twitter audience within the nonfungible token (NFT) community, and even an email where it acts as a crypto hedge fund warning users it’s illiquid because of the collapse of FTX:

PSA for crypto fund managers: chatgpt can help you communicate with your investors pic.twitter.com/VfEz4OWf0c
— Brian Lui (@brianluidog) December 2, 2022

The tool is free for now as its “a research release” according to OpenAI CEO Sam Altman, but that may not last for long as he said in a Dec. 5 tweet that the costs to run the tool are “eye-watering” and will have to be monetized “somehow at some point.”

Ripple CTO shuts down ChatGPT’s XRP conspiracy theory

December 6, 2022 Coin Telegraph

An AI chatbot alleged Ripple can secretly control its blockchain through an undisclosed backdoor in the network's code and has been ridiculed by the firm's CTO.

Ripple’s chief technology officer has responded to a conspiracy theory fabricated by Artificial Intelligence (AI) tool ChatGPT, which alleges the XRP Ledger (XRPL) is somehow being secretly controlled by Ripple.

According to a Dec. 3 Twitter thread by user Stefan Huber, when asked a series of questions regarding the decentralization of Ripple’s XRP Ledger, the ChatGPT bot suggested that while people could participate in the governance of the blockchain, Ripple has the “ultimate control” of XRPL.

Asked how this is possible without the consensus of participants and its publicly-available code, the AI alleged that Ripple may have “abilities that are not fully disclosed in the public source code.”

At one point, the AI said “the ultimate decision-making power” for XRPL “still lies with Ripple Labs” and the company could make changes “even if those changes do not have the support of the supermajority of the participants in the network.”

It also contrasted the XRPL with Bitcoin (BTC) saying the latter was “truly decentralized.”

However, Ripple CTO David Schwartz has called the bot’s logic into question, arguing that with that logic, Ripple could secretly control the Bitcoin network as it neither can be determined from the code.

If it's final argument is that Ripple Labs "may have" some secret way to control the XRP Ledger that cannot be determined from the public code, why not argue that Ripple Labs "may have" some secret way to control the bitcoin blockchain that cannot be determined from the code?
— David "JoelKatz" Schwartz (@JoelKatz) December 5, 2022

The bot was also shown to contradict its own statements in the interaction, stating that the main reason for using “a distributed ledger like the [XRPL] is to enable secure and efficient transactions without the need for a central authority,” which contradicts its statement that the XRPL is managed centrally.

ChatGPT is a chatbot tool built by AI research company OpenAI which is designed to interact “in a conversational way” and answer questions about almost anything a user asks. It can even complete some tasks such as creating and testing smart contracts.

The AI was trained on “vast amounts of data from the internet written by humans, including conversations” according to OpenAI and warned because of this some of the bot's reponses can be “inaccurate, untruthful, and otherwise misleading at times.”

OpenAI CEO Sam Altman said upon its release on Nov. 30 that its “an early demo” and is “very much a research release.” The tool has already seen over one million users according to a Dec. 5 tweet by Altman.

Ethereum founder Vitalik Buterin also weighed in on the AI chatbot in a Dec. 4 tweet saying the idea that AI “will be free from human biases has probably died the hardest.”

Of all the optimistic 00s era takes, "AI will think logically from first principles so it will be free from human biases" has probably died the hardest. https://t.co/5rz33AEgKb
— vitalik.eth (@VitalikButerin) December 4, 2022

This AI chatbot is either an exploiter’s dream or their nightmare

December 2, 2022 Coin Telegraph

The crypto community has come across an AI-powered chatbot that can be used to audit smart contracts and expose vulnerabilities.

The online crypto community has discovered a new Artificial Intelligence (AI)-powered chatbot that can either be used to warn developers of smart contracts vulnerabilities or teach hackers how to exploit them.

ChatGPT, a chatbot tool built by AI research company OpenAI, was released on Nov. 30 and was designed to interact “in a conversational way” with the ability to answer follow-up questions and even admit mistakes, according to the company.

However, some Twitter users have come to realize that the bot could potentially be used for both good and evil, as it can be prompted to reveal loopholes in smart contracts.

Stephen Tong, co-founder of smart contract auditing firm Zellic asked ChatGPT to help find an exploit, presenting a piece of smart contract code.

OMG WTF pic.twitter.com/I2hE0e5ppq
— cts (@gf_256) December 1, 2022

The bot responded by noting the contract had a reentrancy vulnerability where an exploiter could repeatedly withdraw the funds from the contract and provided an example of how to fix the issue.

This similar type of exploit was used in May by the attacker of the Decentralized finance (DeFi) platform Fei Protocol who made off with $80 million.

Others have shared results from the chatbot after prompting it with vulnerable smart contracts. Twitter user devtooligan shared a screenshot of ChatGPT, which provided the exact code needed to fix a Solidity smart contract vulnerability commenting “we're all gonna be out of a job.”

omg. seriously mind-blown

we're all gonna be out of a job pic.twitter.com/iwjjOTPDLY
— devtooligan (@devtooligan) December 1, 2022

With the tool, Twitter users have already begun to jest they’re able to now start businesses for security auditing simply by using the bot to test for weaknesses in smart contracts.

Excited to announce I'm raising for my new smart contract security consulting company.
It's gonna be me just be throwing ChatGPT to fuzz your code. https://t.co/gSFyABd9M6
— eddie (⬅️,) (@0x_eddie) December 1, 2022

Cointelegraph tested ChatGPT and found it can also create an example smart contract from a prompt using simple language, generating code that could apparently provide staking rewards for Ethereum-based nonfungible tokens (NFTs).

*ChatGPT’s example Solidity smart contract for NFT staking rewards from a simple prompt. Image: Cointelegraph.*

Despite the chatbot's ability to test smart contract functionality, it wasn’t solely designed for that purpose and many on Twitter have suggested some of the smart contracts it generates have issues.

The tool also might provide different responses depending on the way it’s prompted, so it isn't perfect.

OpenAI CEO Sam Altman tweeted that the tool was “an early demo” and is “very much a research release.”

He opined that “language interfaces are going to be a big deal” and tools such as ChatGPT will “soon” have the ability to answer questions and give advice with later iterations completing tasks or even discovering new knowledge.

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