The cryptocurrency community seems to be enjoying ChatGPT, a recently created Artificial Intelligence (AI) chatbot by research company OpenAI, who uses it for a multitude of applications, such as a trading bot, a cryptocurrency blog, and even an original song.
The bot is a language interface tool that, according to OpenAI, can interact “conversationally” and be used to answer questions or help create almost anything it’s asked to do.with some limitations.
A Twitter user posted his interaction with ChatGPT showing that from a simple question, the tool created a basic trading bot using Pine Script, a programming language used for the TradingView financial software.
Should I try running this chatGPT generated crypto trading algorithm? pic.twitter.com/0xlFoTNYdL
—Guy (@wholisticguy) December 5, 2022
Should I try running this cryptocurrency trading algorithm generated by ChatGPT?
Another user gave the bot instructions to create a trading terminal, and ChatGPT wrote code that could display current orders for the bitcoin (BTC) and Tether (USDT) trading pair on Binance using the Binance Application Programming Interface (API). ) from the crypto exchange.
Making a trading terminal pic.twitter.com/o6SIO6nMT5
— tbg (@tradertbg) December 4, 2022
Making a trading terminal.
Cointelegraph previously tested ChatGPT and found that the tool was able to create an example smart contract. For their part, other users discovered that AI could detect and help patch or exploit vulnerabilities in smart contracts. However, it was observed that the code generated by the bot was not always correct.
The Twitter crypto community has not only used the AI tool for technical purposes, but also for more creative and even business purposes.
ChatGPT responded with a five-part response when asked by a user what the blockchain industry needs to do “to positively affect society.”. Twitter user “Goose Wayne” opined that the bot “can write your cryptocurrency investment thesis now.”
ChatGPT can write your crypto investment thesis now pic.twitter.com/iN6uH2X1V8
— Goose Wayne (GFX) (@usgoose) December 2, 2022
ChatGPT can write your crypto investment thesis now
The co-founder of the investment firm Multicoin Capital, Kyle Samani, tweeted his results asking ChatGPT to write a blog post about how crypto payments will grow in the future, to which 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
I was planning to post a blog post this week about payments via crypto lanes… but I guess chatGPT beat me to it
Another lengthy opinion piece was written by the AI about how Monero (XMR) “improves bitcoin technology”, to which the user who public the result opined “ChatGPT is going to put a lot of crypto bloggers out of business lol.”
For his part, some Twitter users have used the tool to create music; Web3 entrepreneur Jay Azhang posted a “song about losing money in cryptocurrency” 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
I asked ChatGPT to write a song about losing money in cryptocurrency.
Multiple other examples of using ChatGPT have been posted on Twitter.from their responses on how to choose a good crypto project, do growing up a Twitter audience within the non-fungible token (NFT) community and even an email acting as a cryptocurrency hedge fund warning its users that it is out of liquidity due to the FTX collapse:
PSA for crypto fund managers: chatgpt can help you communicate with your investors pic.twitter.com/VfEz4OWf0c
— Brian Lui (@brianluidog) December 2, 2022
A public announcement campaign for cryptocurrency fund managers: chatgpt can help you communicate with your investors
The tool is free for now, as it’s “a research release,” according to OpenAI CEO Sam Altman, but that may not last long. as said in a tweet on December 5 that the costs to run the tool are “watering” and will have to be monetized “somehow at some point.”
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