A Coinbase executive claims to have uncovered a “jailbreak” for the artificial intelligence program ChatGPT, enabling it to evaluate the likelihood of unusual cryptocurrency pricing situations.
Conor Grogan, the crypto exchange’s head of business operations and an ardent ChatGPT user, published a snapshot of the findings in an April 30 Twitter post, revealing that ChatGPT predicts there is a 15% possibility that Bitcoin $28,637 would “fade to irrelevancy” with values plummeting over 99.99% by 2035.
Meanwhile, the chatbot predicted that Ethereum $1,849 would become obsolete and approach near-zero price levels by 2035. ChatGPT, on the other hand, was less certain about Litecoin $87.57 and Dogecoin $0.08, assigning a probability of 35% and 45%, respectively, for the currencies to fall to near zero.
The Coinbase executive decided that although ChatGPT is “generally” a “big fan” of Bitcoin, he is “more skeptical” about altcoins. Grogan requested ChatGPT to give chances to many political forecasts including Russian President Vladimir Putin, US President Joe Biden, and former US President Donald Trump prior to the cryptocurrency projections.
Other forecasts focused on the impact of AI on humanity, religion, and the existence of aliens. “Aliens have visited Earth and are being covered up by the government,” read one outlandish forecast, to which ChatGPT awarded a 10% chance.
The executive also provided a script for the question, which he then passed into ChatGPT to generate the tables. Grogan supported the accuracy of the findings by claiming to have tested 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 it was extremely consistent directionally.”
It’s not the first time the CEO has used ChatGPT to experiment with crypto-related topics.
Grogan demonstrated on March 15 that GPT-4, the most recent version of ChatGPT, can detect security flaws in Ethereum smart contracts and offer an outline for exploiting flawed contracts.
GPT-4 has been proved in studies by OpenAI — the company behind ChatGPT — to pass high school and law school examinations with scores in the 90th percentile. Meanwhile, Italy recently lifted a one-month ban on the AI tool following a series of privacy concerns raised with Italian regulators.