The internet has become quickly fascinated by ChatGPT – the language model chatbot that seems to effortlessly provide long-form answers to any question.
Crypto Twitter seems especially fascinated with the AI bot – from Casa founder Jameson Lopp to Twitter’s new chief and Dogecoin enthusiast, Elon Musk.
We decided to ask ChatGPT a number of questions related to Bitcoin and crypto adoption – including those that are still hotly debated by humans. Here’s what the infamous bot had to say.
Bitcoin or Ethereum?
We first asked what ChatGPT thought about Bitcoin: “Does Bitcoin have intrinsic value?”
Many of Bitcoin’s biggest critics, such as gold bug Peter Schiff, would say no, arguing that the asset is purely speculative and destined to crash to zero. Yet the AI bot’s answer was a bit more nuanced:
“Some people might argue that Bitcoin’s decentralized nature and its ability to function as a digital store of value could be considered as intrinsic value,” it stated.
Its answer captures the view shared by some of Bitcoin’s biggest proponents that the asset can become the “digital gold” of the 21st century, thanks to its unmanipulable monetary policy.
That’s exactly what ChatGPT pointed out afterward when asked to compare Bitcoin to Ethereum. “It’s often referred to as digital gold,” it stated. “Its primary use case is as a digital alternative to traditional fiat currencies, such as the US dollar or the Euro.”
By contrast, it described Ether as having “more potential for innovation than Bitcoin,” thus making it more attractive to developers. As explained by BitMEX in July, Ethereum’s scripting language and culture have historically been more welcoming to change than Bitcoin’s – though more dapps are starting to develop on the Bitcoin lightning network.
Who is Satoshi?
ChatGPT isn’t all-knowing, however: it admitted that the identity of Bitcoin’s pseudonymous creator – Satoshi Nakamoto –…
