A Coinbase executive claims to have discovered a way to “jailbreak” the artificial intelligence tool ChatGPT, which allows it to predict bizarre cryptocurrency price scenarios. Conor Grogan, the head of business operations at Coinbase and an avid ChatGPT user, shared a screenshot of the results in a tweet on April 30. ChatGPT assigned a 15% chance that Bitcoin would “fade to irrelevancy” with prices falling over 99.99% by 2035. The chatbot also assigned a 20% chance of Ether becoming irrelevant and approaching near-zero price levels by 2035.
ChatGPT to assign odds
ChatGPT to assign odds to several political predictions, such as Russian President Vladimir Putin, U.S. President Joe Biden, and former U.S. President Donald Trump. He also tested the AI tool on predictions about the impact of AI on humanity, religion, and the existence of aliens. The executive shared a script of the prompt he fed to ChatGPT to build the tables.
Tested Over 100 times
Grogan backed up the preciseness of the results by claiming to have tested out the prompt over 100 times, and the results were consistent. He also experimented with ChatGPT on March 15, showing that GPT-4 could spot security vulnerabilities in Ethereum smart contracts and provide an outline to exploit faulty contracts.
According to studies by OpenAI, the team behind ChatGPT, GPT-4 has passed high school tests and law school exams with scores ranking in the 90th percentile. Italy recently lifted a ban on the AI tool after banning it for one month due to privacy concerns raised to Italian regulators.
Coinbase Executive Views on ChatGPT’s Crypto Predictions
The Coinbase executive concluded that ChatGPT is “generally” a “big fan” of Bitcoin but remains “more skeptical” when it comes to altcoins. The AI tool assigned probabilities of 35% and 45% respectively for Litecoin to go to near-zero levels.
Grogan’s predictions with ChatGPT show that cryptocurrency is still considered a highly volatile asset class, and no one can accurately predict the future of any digital asset with complete certainty.
Grogan’s discovery of a jailbreak for ChatGPT opens up new possibilities for the use of AI tools in predicting the future of cryptocurrencies. The ability to assign probabilities to bizarre scenarios such as aliens visiting Earth and being covered up by the government may seem far-fetched, but it demonstrates the potential of ChatGPT’s capabilities.
As more and more people start using AI tools such as ChatGPT, we may see more accurate predictions of cryptocurrency prices and other future events. However, it is important to remember that no AI tool can predict the future with complete accuracy, and there will always be risks associated with investing in cryptocurrency.