The Ripple CTO has debunked ChatGPT's XRP conspiracy hypothesis.

Ripple's CTO has mocked an AI chatbot that claims Ripple can secretly control its blockchain via an unreported backdoor in the network's code.

Ripple's chief technology officer has responded to a conspiracy theory fabricated by the Artificial Intelligence (AI) tool ChatGPT, which claims Ripple secretly controls the XRP Ledger (XRPL).

According to a December 3 Twitter thread by user Stefan Huber, when asked a series of questions about the decentralization of Ripple's XRP Ledger, the ChatGPT bot suggested that while people could participate in blockchain governance, Ripple has "ultimate control" over XRPL.

When asked how this is feasible without participant consensus and publicly-available code, the AI claimed that Ripple may have "abilities that are not completely exposed in the public source code."

At one point, the AI stated that "the ultimate decision-making power" for XRPL "remains with Ripple Labs" and that the company could make changes "even if those changes do not have the support of the network's supermajority."

It also compared the XRPL to Bitcoin, claiming that the latter was "really decentralized."

Ripple CTO David Schwartz, on the other hand, has questioned the bot's logic, claiming that with that logic, Ripple could secretly control the Bitcoin network because neither can be determined from the code.

In the interaction, the bot was also shown to contradict itself, stating that the main reason for using "a distributed ledger like the [XRPL] is to enable secure and efficient transactions without the need for a central authority," which contradicts its statement that the XRPL is managed centrally.

ChatGPT is an AI research company OpenAI chatbot platform that is supposed to communicate "in a conversational style" and answer inquiries about nearly anything a user asks. It can even perform activities like designing and testing smart contracts.

According to OpenAI, the AI was trained on "vast amounts of data from the internet written by humans, including conversations," and as a result, some of the bot's responses may be "inaccurate, untruthful, and otherwise misleading at times."

OpenAI CEO Sam Altman described the release on November 30 as "an early demo" and "very much a research release." According to Altman's December 5 tweet, the tool has already attracted over one million users.

In a Dec. 4 tweet, Ethereum founder Vitalik Buterin also commented on the AI chatbot, saying that the concept that AI "would be free from human prejudices has arguably died the hardest."

Comments

Stocks of bitcoin miners are rising along with the market as traders anticipate a less aggressive Fed

In anticipation of this week's highly anticipated U.S. CPI report, the price of Bitcoin increased to three-week highs. On January 9, traders flocked to equity markets amid growing expectations that the United States Federal Reserve would soon be able to scale back its zealous fight against inflation, sending shares of publicly traded Bitcoin BTC tickers down $17,219 miners skyrocketing. The intraday trading results for the bitcoin mining companies Riot Blockchain (RIOT), Hut8 (HUT), Bitfarms (BITF), Marathon Digital Holdings (MARA), and others showed double-digit percentage gains. The rally was accompanied by a general uptick in equity markets, with the technology-focused Nasdaq rising 2% and the large-cap S&P 500 Index rising 1% before paring gains. Markets increased in value ahead of this week's eagerly anticipated U.S. Consumer Price Index report, which is predicted to show that cost pressures are continuing to moderate. Data from the Labor Department released on January...

Google Gets In On Ethereum Merge Excitement With Nifty Easter Egg

The new feature has been added with just days left until the long-awaited Ethereum Merge. As a sign of support for the upcoming Ethereum Merge, tech juggernaut Google is marking the time left until the upgrade with a new countdown timer. Typing any variation of “Ethereum Merge” or “The Merge” into the search engine shows a countdown ticker, with the estimated time left until the Merge based on the current difficulty, hash rate and merge difficulty. Off to the side is a cartoon of two happy pandas running toward each other with outstretched hands, which supposedly will get closer as the Merge date draws nearer. In a Friday tweet, Google Cloud developer Sam Padilla said that the timer was “a fun little surprise” and a way to show their appreciation of “the work that has been going into this for years.” He said the work was done by Google’s search and labs team but noted that he helped “ kickstart ” the idea and discussion that led to the timer being implemented. In the same ...

England's councils will receive £60 billion in cash.

Today, December 19, 2022, Levelling Up Secretary Michael Gove announced an almost £60 billion package for English councils for the upcoming fiscal year, ensuring that the councils can continue to provide essential frontline services. The agreement means that councils in England will get an additional £5 billion, which represents a 9% increase over the settlement from last year. This is part of the government's ongoing support of councils and public services in the face of financial constraints. The agreement for the following year contains a one-time Funding Guarantee that guarantees every English council would experience at least a 3% boost in core spending power before any local council tax decisions are made. In addition, the government today announced a new £100 million program for councils to shield the most disadvantaged families from council tax hikes, fulfilling a campaign pledge to shield local taxpayers from disproportionate increases. Additionally, social care is given p...

EconomyDiary

Search This Blog