Let's dive into crypto with ChatGPT

If you're into the tech scene, no matter how deep, you can't have missed the launch of ChatGPT by OpenAI . For those that were to busy taking care of their Christmas tree, watching football (yes, it is called football - not soccer) matches or listening to Sam Bankman-Fried behaving as a favorite of The Lonely Clowns on Twitter spaces, remember the day when you started being able to query 谷歌 or got your hands on your first cell phone. However incomplete the solutions were on that day, you probably thought - wow, this may well be insane if that progresses in the right direction.

It's pretty much the same happening with the launch of ChatGPT. It is THAT kind of day.

As OpenAI describes it, ChatGPT is built to "optimize language models for dialogue" through artificial intelligence. ChatGPT is nothing more (pun intended) than a trained model which interacts in a conversational way. The dialogue format makes it possible for ChatGPT to answer followup questions, admit its mistakes, challenge incorrect premises, and reject inappropriate requests. ChatGPT is a sibling model to InstructGPT, which is trained to follow an instruction in a prompt and provide a detailed response.

ChatGPT won't answer existential questions (is there any god, what happens after we die, etc.) or provide guidance as to what should be the right solution to a given social issue (should abortion be authorized, how should monetary policies be determined, etc.) - but it provides a reasoning, and is capable to write full-length essays on complicated subjects, even by taking over the style of any given author. As limited as it is, it is already super bingo mongo mind-blowing.

So I gave it a shot with some easy questions on bitcoin, cryptocurrencies, monetary policies, and the public perception of the industry being primarily driven by mainstream medias.

I will leave the questions and answers below for your reading, and you can make whatever you want from this. But honestly, we're most certainly witnessing an EDGE moment in the history of technology, and most probably our civilization. While I am baffled, I am also optimistic that the powers at play will know how to rationalize, regulate and control this - because there is a certain side of me that is slightly scared, too.

1) Provide a description of the key differences between bitcoin and other cryptocurrencies.

2) Please explain whether bitcoin should be considered as money (storage of value, unity of account, and means of exchange), and therefore a commodity, as opposed to a financial instrument.

3) Provide a detailed list of reasons why cryptocurrencies will be a positive technological breakthrough for humanity.

4) Let's assume you have young children about to enter high school. Would you advise them to study cryptocurrencies?

5) Would you qualify realistic a world where centralized financial institutions keep the control of printing fiat currencies, with a parallel and co-existing ecosystem where a certain portion of the global population relies on centralized or decentralized cryptocurrencies as an alternative monetary commodity?

6) Assuming that I was in charge of determining the monetary policies to be implemented in any given country, should I recommend that digital currencies be allowed (albeit regulated) and issued by private entities or organisations so that citizens would be entitled to select which currency to use on a daily basis?

7) Do you believe that the mainstream media and politics understand the intricacies of cryptocurrencies, and provide a honest description of their potential improvements for the population at large while highlighting the risks that they entail?