The impact of artificial intelligence, chat GPT on the crypto market.

[Cryptomultiplier]

I see the latest rave and have had to silently partake by keeping up with the conversation as regards chat GPT introduction and sudden need to finetune it serve varying online and even offline real problems.

 Coinbase Director Conor Grogan even had to explain recently how a GPT-4 helped him identify flaws that could be exploited both ways, after he dumped an Etherum contract therein.  

*Is chat GPT which is the latest AI, the answer to hackers and scammers?
*Is it a policing agent that would help stabilize anonymous anomaly in the trading space thereby reducing volatility?

Reference link for further read:
https://www.forbes.com/sites/forbesbooksauthors/2023/02/28/the-intersection-between-ai-and-blockchain-technology--industries-of-tomorrow/

[Gayong88]

It is true that GPT Chat and other AI technologies have the potential to enhance security measures and reduce volatility in the cryptocurrency market but they are not a complete solution and should be used in conjunction with other security measures and investment strategies.

Yes and it is being discussed a lot for now. I'm sure you are also monitoring the current development of the cryptocurrency market and it is very volatile especially now, it is very vulnerable to correction. It seems that no one has been able to provide an accurate picture of conditions in the world of money market, although even the most sophisticated AI algorithms are not able to predict with 100% accuracy.

[DaveF]

Going back to the stock market they have had some really good programmers working on things like this for years, perhaps decades.
Result has always been about the same, a small increase in profits but never covering the cost of doing the setup / programming.
What actually made them more money was faster connections to the markets so they could get their trades in 1st.

Better faster computers with better AI just means that all the big players get better faster info, and the rest of us are still traveling behind them seeing what happens.

-Dave

[Husires]

If we are talking about a direct impact, the outcome is almost zero, and any talk from a famous or influential person is something that is not devoid of two, either because he is trying to talk about a trend because everyone is talking about this software, or he is trying to promote it indirectly.

indirect impact, it can be in how to benefit from these tools. In the end, they are tools to help you analyze or reach results. They are closer to the development of the content in the forum, as the development of the content will reduce scammers, and so on.

The wave started with ICO, then IEO, then NFT, then decentralized finance and now artificial intelligence

[Davidvictorson]

Chat GTP has a lot of use cases in cryptocurrency. It has the ability to perform a lot of functions based on prompts however no matter how powerful its functionality is it cannot replace human. It cannot replace sophisticated software that can detect and prevent hacking what I feel it can do is that it can only detect floors and make recommendations so that there will be no eventuality of a hack. I honestly think that it cannot reduce the volatility in cryptocurrency. The cryptocurrency market is just too broad that it requires more than just artificial intelligence to stabilize the market.

[Casdinyard]

Apart from the occasional tech support it could provide to future users of the cryptocurrency industry, especially ones that focus on the IT sector, I think the other big contribution it could provide to the industry is Service as a Service. As of the moment a lot of companies who offe SaaS sought to monetize ChatGPT's high aptitude for collecting and processing data from users and deriving a result from the prompt. This could help everyone from small corporate companies who offer SaaS, to maybe even NFT projects. As a matter of fact I think I saw one NFT project out there outright using AI/ChatGPT as one of their features, basically making it personalized and directly usable only to holders of their NFT. So yeah the possibilities are immense.

[un_rank]

*Is it a policing agent that would help stabilize anonymous anomaly in the trading space thereby reducing volatility?

Not certain this question was fully thought through, or I am having difficulties understanding it.
Trading is part of almost all markets and they all have varying extents of volatility based on the frequency of trades and amount of regulation. Bitcoin with a decent amount of trades and no price regulation naturally has a higher volatility.

Volatility cannot be solved by an AI, and the trading system is not broken, does not need fixing.

- Jay -

[Bananington]

*Is chat GPT which is the latest AI, the answer to hackers and scammers?

Hackers will always be existing, so also will be cybercriminals and scammers who are not going extinct. Not all hackers use their skills for bad or to steal, the ones who use their skills for evil are purely referred to as cybercriminals. Just as scammers who may not be as technically and ICT sound as the hackers, but are cunning to still trick you into stealing from you.

Security will increase and get tighter to make things difficult for these people, they will reduce in number as things get more difficult and some will not be able to cope, but for another category they will dedicate their time to find or create more loopholes in the system.

[serjent05]

I see the latest rave and have had to silently partake by keeping up with the conversation as regards chat GPT introduction and sudden need to finetune it serve varying online and even offline real problems.

 Coinbase Director Conor Grogan even had to explain recently how a GPT-4 helped him identify flaws that could be exploited both ways, after he dumped an Etherum contract therein.  

*Is chat GPT which is the latest AI, the answer to hackers and scammers?

No, chatGPT can find faulty codes but they can also suggest faulty advise.  Since they are just calculating things base on the information or data feed to them, they will never cope up with the ever developing hackers.  I believe only humans (cyber security) is the answer to humans(hacker).

*Is it a policing agent that would help stabilize anonymous anomaly in the trading space thereby reducing volatility?

Reference link for further read:
https://www.forbes.com/sites/forbesbooksauthors/2023/02/28/the-intersection-between-ai-and-blockchain-technology--industries-of-tomorrow/

It can be but I believe it will be overseen by a person.   Since that kind of application will still be developed by a person.

[drwhobox]

It is true that GPT Chat and other AI technologies have the potential to enhance security measures and reduce volatility in the cryptocurrency market but they are not a complete solution and should be used in conjunction with other security measures and investment strategies.

AI have the potential to figure out the holes in security but I don't think it will reduce volatility in crypto market. Crypto market is not controlled by anyone and could not be controlled by AI. AI like chatGPT maybe can calculate the potential of crypto but nothing much, even it failed to solve simple mathematical solutions.

Yes and it is being discussed a lot for now. I'm sure you are also monitoring the current development of the cryptocurrency market and it is very volatile especially now, it is very vulnerable to correction. It seems that no one has been able to provide an accurate picture of conditions in the world of money market, although even the most sophisticated AI algorithms are not able to predict with 100% accuracy.

Again AI can not perfectly predict anything, it just calculates the outcomes through the data it can access from the internet. There is nothing exist as perfect prediction, what human can't do, also AI can't.

[AmoreJaz]

It is true that GPT Chat and other AI technologies have the potential to enhance security measures and reduce volatility in the cryptocurrency market but they are not a complete solution and should be used in conjunction with other security measures and investment strategies.

AI have the potential to figure out the holes in security but I don't think it will reduce volatility in crypto market. Crypto market is not controlled by anyone and could not be controlled by AI. AI like chatGPT maybe can calculate the potential of crypto but nothing much, even it failed to solve simple mathematical solutions.

Yes and it is being discussed a lot for now. I'm sure you are also monitoring the current development of the cryptocurrency market and it is very volatile especially now, it is very vulnerable to correction. It seems that no one has been able to provide an accurate picture of conditions in the world of money market, although even the most sophisticated AI algorithms are not able to predict with 100% accuracy.

Again AI can not perfectly predict anything, it just calculates the outcomes through the data it can access from the internet. There is nothing exist as perfect prediction, what human can't do, also AI can't.

a very good example in my opinion is that when it comes to alts, AI still can't predict the plans of the team behind any project. even AI won't know that the team is about to dump their coins. so that's only one example why AI can't be perfect. as you said, it only relies from the database it can collect over the net.
there are still blindspots in their situation. and no one can predict even the AIs of the upcoming scenario. but they can always save it to their database once it happened, and may possibly use for future reference. however, it depends on how AI has been programmed to do with such large data.

[coupable]

Ascertaining the number of functions that chatgpt can compensate for, and even when that change is made completely, the possibility of using it for fraudulent purposes is very high.  This actually started after discovering cases of cheating by students using the program.
As for the crypto, it's the same if the program can perform some tasks to decieve people.

[Baofeng]

No I don't think that there will be a solution for hackers, it's a crime group, we even have state sponsored hackers like the Lazarus group, so it's a organization that simply can't be stop just because AI is full blown right now or even the latest buzz word in crypto.

And there will be no policing whatsoever that is going to happen here.

Of course we love AI but I don't see it as the breakthrough that will stop cyber criminals. They are going to evolved as well and will find ways to step the game. And as we all know, they are always ahead and no matter projects have this so called 3rd party to evaluate their code or even AI to help them find any flaws, still this group will just bounce around and found loopholes that can be exploited, in my opinion.

[taufik123]

ChatGPT is an AI that if likened to a sharp dagger that can be used to hurt someone or can be used to help other positive things.

In fact, there are many things that ChatGPT can do, especially now that it has been upgraded to GPT-4 which has been perfected and is even smarter.

a very good example in my opinion is that when it comes to alts, AI still can't predict the plans of the team behind any project. even AI won't know that the team is about to dump their coins. so that's only one example why AI can't be perfect. as you said, it only relies from the database it can collect over the net.

The database that ChatGPT has is also limited, predictions refer to big data that AI learns and then analyzes so that it can conclude what can happen. If there is no supporting data, then no results can be given. AI predictions cannot be trusted 100%.

there are still blindspots in their situation. and no one can predict even the AIs of the upcoming scenario. but they can always save it to their database once it happened, and may possibly use for future reference. however, it depends on how AI has been programmed to do with such large data.

ChatGPT is trained on text data from various sources until 2021 and does not have access to the latest information for the year after that.
But for some updates, the 2023 version of ChatGPT does not need a specific database, it is still in testing and development.


ChatGPT Stats and Facts Overview


Schematic of How chatGPT is Trained

Source: https://nerdynav.com/chatgpt-statistics/

[Wexnident]

If you mean how it can answer questions as to whether a project is a scam or not, it can potentially help warn them and easily distribute publicly available info but that's it, can't exactly help in that aspect. As for the hacking aspect, I don't think AI can help in creating a full foolproof system, at least at its level (if possible at all really). More loopholes would just eventually pop out sooner or later. Plus, afaik, ChatGPT was also involved in giving out wrong answers (that look/worded right). It's been banned from stackoverflow iirc, and hasn't been unbanned afaik.

In addition to that, I don't think big companies haven't at least thought of ideas for whatever problems said AI gives out to them if they were to ever actually use them.

[MusaMohamed]

Coinbase Director Conor Grogan even had to explain recently how a GPT-4 helped him identify flaws that could be exploited both ways, after he dumped an Etherum contract therein.

It is problem with altcoins especially altcoins with smart contracts that are more vulnerable to hacks and exploitation. If a token is on multiple chains and has bridges, it is more sensitive to exploitation. Hacks on bridges are very serious and consequence is massive.

I don't know Chat GPT-4 can help hackers to make exploitation but the fact is it is useful to detect errors in code. It is helpful for coders but can be abused by hackers certainly. Even big projects like Axie Infinity, Harmony can be hacked by bridges so I don't know technology for bridges is actually secure at the moment.

*Is it a policing agent that would help stabilize anonymous anomaly in the trading space thereby reducing volatility?

If you are fearful about, avoid altcoins and choose Bitcoin. You won't have to worry about hacks on smart contracts or bridges.

[lovesmayfamilis]

GPT was invented by people; does anyone think that AI will one day be able to win over the mind of a person? If someone has created a smart GPT chat, then there is sure to be another who can be smarter. And it will be a person. Machines should serve people, not the other way around. It is a mistake to think that one day people will be able to entrust everything to machines. There are already two different opinions about the usefulness of GPT. And besides his unique abilities, there are a bunch of bugs that he can't get around.

[be.open]

GPT was invented by people; does anyone think that AI will one day be able to win over the mind of a person? If someone has created a smart GPT chat, then there is sure to be another who can be smarter. And it will be a person. Machines should serve people, not the other way around. It is a mistake to think that one day people will be able to entrust everything to machines. There are already two different opinions about the usefulness of GPT. And besides his unique abilities, there are a bunch of bugs that he can't get around.

ChatGPT is a tool, very powerful and quite universal. Like any other tool, he has his own restrictions, in the sense that this is not a magic wand, not a panacea, and not even a silver bullet. Separate admiration is deserved by researchers who are looking for these restrictions, as well as ways of their possible bypass. However, now it is an extremely powerful working tool that can be found a lot of useful practical applications. Damn it, this thing easily passes the Turing test! In the sense that you cannot reliably determine whether you are reading the text written by a person, or an generated machine. And this is only the very beginning of the fascinating path. Recently, the dumps of the neural network Facebook Llam, which can be launched locally on an ordinary home computer (if he has enough RAM) appeared. It seems that this language model can even be used independently, for example, create a virtual character named after himself on his basis, feed him sparse messages from this forum from his profile - and now he will learn to generate messages in your own style, supporting the dialogs and adhering to the given topic. Of course, he will not have my personal charisma, beard and sparkling subtle humor, but is it not delightful?

[Crypt0Gore]

I am always against ChatGPT and OpenAI because of the disadvantages they expose humans to, but this is new, if ChatGPT can find bugs and threats in the system then it is a very wonderful tool, I will change my mind about ChatGPT if this is very true.

The reason why I am against this technology is because of how this will make some people useless, unable to work, cheat and do some bad things using the tools, I got to fight for my people too, imagine you are from a home of a university teacher, both mother, and father.

[be.open]

I am always against ChatGPT and OpenAI because of the disadvantages they expose humans to, but this is new, if ChatGPT can find bugs and threats in the system then it is a very wonderful tool, I will change my mind about ChatGPT if this is very true.

The reason why I am against this technology is because of how this will make some people useless, unable to work, cheat and do some bad things using the tools, I got to fight for my people too, imagine you are from a home of a university teacher, both mother, and father.

Try to think about it in this aspect. A few years ago, cryptocurrencies made an impressive breakthrough in the democratization of investment. Now we are seeing an equally impressive breakthrough in the democratization of content creation from the side of neural networks. For example, on my home computer, among other things, there is a local instance of the Stable Diffusion neural network. I haven't created an Avatar-type movie with it yet, but hypothetically it's not technically impossible. There is quite a lot of work and calculations to be done, but in principle it seems that I can do it alone, without a team of hundreds of people and without a budget of hundreds of millions of dollars. A talented programmer no longer needs an expensive team and effort to coordinate it when he has access to ChatGPT. And so on. There is a social and ethical side to the problem, because hundreds of thousands of mediocre programmers have already lost their jobs. But this is not a reason to try to stop progress, in the end, the positive role of the state may manifest itself here, of course, if it chooses to save people, not banks, during the next crisis.