The crypto community seems to be having a ball with ChatGPT, a recently launched artificial intelligence (AI) chatbot created by research company OpenAI – using it for a multitude of applications, including a trading bot, a crypto blog and even an original song.
The bot is a language interface tool that, according to OpenAI, can communicate “in a conversational manner” and can be used to answer questions or help make almost anything it’s asked to create, with some limitations.
A user on Twitter posted their interaction with ChatGPT showing that the tool created a basic trading bot from a simple message using Pine Script, a programming language used for the financial software TradingView.
Should I try to run this chatGPT generated crypto trading algorithm? pic.twitter.com/0xlFoTNYdL
– Guy (@wholisticguy) December 5, 2022
Another user instructed the bot to create a trading terminal, using ChatGPT scripting code that can display the current orders for the Bitcoin (BTC) and Tether (USDT) trading pair on Binance using the crypto exchange s application programming interface (API).
The making of a trading terminal pic.twitter.com/o6SIO6nMT5
— tbg (@tradertbg) December 4, 2022
Cointelegraph previously tested ChatGPT and found that the tool can create a sample smart contract. Meanwhile, other users discovered that the AI could detect and either help patch or exploit vulnerabilities in smart contracts, but it was noted that the code generated by the bot was not always correct.
Crypto Twitter has not only used the AI tool for technical purposes, but also for more creative and even business endeavors.
ChatGPT responded with a five-part answer when one user asked what the blockchain industry should do “to positively impact society,” Twitter user “Goose Wayne” opined the bot “can now write your crypto investment thesis.”
ChatGPT can now write your crypto investment thesis pic.twitter.com/iN6uH2X1V8
— Goose Wayne (GFX) (@usgoose) December 2, 2022
The co-founder of the investment firm Multicoin Capital, Kyle Samani, tweeted his results when he asked ChatGPT to write a blog post about how crypto-payments will grow in the future, the tool responded with a multi-paragraph article.
Plan to publish a blog post this week about payments on crypto rails
but I think chatGPT beat me to it pic.twitter.com/Xyg2GGq2OX
— Composability Kyle (@KyleSamani) December 4, 2022
Another long opinion piece was written by AI about how Monero (XMR) “improves on Bitcoin’s technology,” with the user stating the result opines “ChatGPT is going to put a lot of crypto bloggers out of business lol.”
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Meanwhile, some Twitter users used the tool to create music, Web3 entrepreneur Jay Azhang posted a “song about losing money in crypto” written by the bot:
I asked #ChatGPT to write a song about losing money in crypto pic.twitter.com/vU3ifHVBRt
— Jay A (@jay_azhang) 30 November 2022
Several other examples of ChatGPT’s use have been posted on Twitter, from its answers on how to choose a good crypto project, growth A Twitter audience within the nonfungible token (NFT) community, and even an email acting as a crypto hedge fund warning users that it is illiquid due to the collapse of FTX:
PSA for crypto fund managers: chatgpt can help you communicate with your investors pic.twitter.com/VfEz4OWf0c
— Brian Lui (@brianluidog) December 2, 2022
The tool is free for now as a “research release,” according to OpenAI CEO Sam Altman, but that may not be for long, as he said in a December 5. tweet that the cost of running the tool is “out of sight” and will have to be monetized in some way.
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