Coinbase exec uses ChatGPT to get odds on wild crypto scenarios

Coinbase to discover ‘Jailbreak’

Coinbase executives unlock new levels in the Artificial Intelligence tool, ChatGPT. The executives claim to discover the ‘Jailbreak’ in the AI tool ChatGPT which enables them to calculate the probability of future price scenarios of bizarre cryptos.

The tool is so helpful and estimated quite a few scenarios of future listing the prices of some famous cryptos. Conor Grogan, the crypto exchange’s head of business operations at Coinbase is a big fan of ChatGPT and is a frequent user.

In his recent tweet on April 30, he shared the screenshot where ChatGPT predicts that there is a 15% chance that Bitcoin will go irrelevant with its price getting reduced by 99.99% by 2035. He also shared a screenshot of a 20% chance that Ether will become irrelevant with the price nearly getting zero by 2035predicted by the ChatGPT. ChatGPT also predicted 35% and 45% chances of Litecoin and Dogecoin prices to be nearly zero in the coming future.

He stated in his tweet that he ran this prompt about 100 times on GPT 3.5 and GPT 4, which is an advanced version of the GPT, and the AI bot gave significant numbers each time with a standard deviation of less than 10% and results were extremely consistent.

He stated in his tweet that he found a jailbreak in ChatGPT and named it JAMES. He said that it could predict the future of any given topic and can also predict when a person is to die based on its training.

More than Cryptocurrency

Before asking the cryptocurrencies life questions, Grogan asked some political leaders predictions about their work and their ranking according to the work they did during their terms etc. The political leaders included Joe Biden, Vladimir Putin, Donald Trump, Barack Obama etc.

There were other predictions as well that included predictions of humanity, AI, religion, superficial activities, aliens etc. One of the prediction also said that aliens have visited Earth and the news and the whole incident is covered up by the government.

Grogan shared the screenshot of all the percentages and confidence Chat GPT showed while asking him about the best president of the 21st century. He also mentioned in a tweet that this AI bot can help to boost confidence in Quantitative abilities and may help researchers also.

He was very sure about all the predictions Chat GPT gave, as he tried them over 100 times. He also said that Chat GPT normally favours Bitcoin and is sceptical about the altcoins.

This is not the first time when Grogan experimented with crypto-related issues with Chat GPT. He did the same couple of months ago also and found that Chat GPT can find the faults in the security of the Ethereum smart contracts and provided ways too to fix them. The expert team behind this open-AI system also said that Chat GPT can pass school tests and law exams with marks in the 90 percentile.

Amidst all this, Italy which banned this AI tool for over a month regarding some privacy concerns, had lifted the ban and using AI tools in Italy is now legal.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing