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

Inflation is anticipated to have an impact on fuel demand, which is contributing to a decline in the price of oil.

On Tuesday, oil prices declined, erasing some of the gains made in the previous trading session. This was due to market participants' concerns that more aggressive interest rate hikes from central banks could result in a worldwide economic slowdown and a reduction in the demand for fuel. After gaining 4.1% on Monday, the largest gain in more than a month, Brent crude futures LCOc1 for October settlement dropped 81 cents, or 0.7%, to $104.28 a barrel as of 03:59 GMT on Tuesday. This coming Wednesday marks the end of the October contract, while the more active November contract was trading at $102.33, a decrease of 0.6%. Following a surge of 4.2% in the previous session, the price of U.S. West Texas Intermediate crude CLc1 was reported to be $96.68 per barrel, a decrease of 33 cents, or 0.3%. Inflation is close to reaching double digits in many of the world's largest economies, a level that has not been seen in almost half a century. This could prompt central banks in the United ...

Following The Historic Fed Rate Rise, Hong Kong Stocks Fell To An 11-Year Low

Hong Kong stocks sank to their lowest level in more than a decade on Thursday, as did other Asian markets, after the US Federal Reserve hiked interest rates by 75 basis points and anticipated further rises, fanning fears of a recession. The Hang Seng Index (HSI) plummeted 2.6% , breaking below 18,000 points before rebounding somewhat. It closed 1.6% down at 18,148 , its lo west level since December 2011 . The S&P/ASX 200 index in Australia sank 1.6% , while Japan's Nikkei 225 (N225) and South Korea's Kospi also declined 0.6%. The Shanghai Composite Index (SHCOMP) in China fell 0.3% . European stocks dipped in early trade as well. The FTSE 100 (UKX) index in London fell approximately 0.3% , while the DAX (DAX) in Germany and the CAC40 (CAC40) in France both down about 0.7% . Stock futures in the United States were slightly moved. The drops occurred after the Federal Reserve authorized a third straig...

Discovering the World's Most Exquisite Natural Sceneries

In our pursuit of uncovering Earth's most mesmerizing natural landscapes, we've embarked on a global journey, seeking out unspoiled and awe-inspiring wonders of nature. The following expedition will guide you through an enchanting tour of the world's most stunning natural sceneries, each more captivating than the last. From luxuriant forests to dramatic cliffs and tranquil beaches, this serves as the ultimate handbook for immersing yourself in the beauty of nature. If you've ever wondered how to save money for a vacation while exploring the Most Beautiful Natural Landscapes, we've got you covered with practical tips and guidance to turn your dream vacation into a reality. The Enthralling Beauty of the Amazon Rainforest The Amazon Rainforest, often dubbed as the "Lungs of the Earth," stands as an unparalleled natural marvel. Spanning across South America, this lush and vibrant forest is home to an astounding variety of wildlife and plant species. The sheer ...

EconomyDiary

Search This Blog