Cryptocurrency
This AI-powered chatbot is either a hacker’s dream or a nightmare

Published
2 months agoon

The online crypto community has discovered a new AI-powered chatbot that can either be used to warn developers about smart contract vulnerabilities or teach hackers how to exploit them.
It was ChatGPT, a chatbot tool created by artificial intelligence research firm OpenAI released 30 and is designed to interact in a “conversational manner” with the ability to answer follow-up questions and even admit mistakes, according to the company.
However, some Twitter users realized that the bot could potentially be used for both good and bad, since they could be prompted. Expose vulnerabilities in smart contracts.
Stephen Tong, co-founder of smart contract auditing firm Zellic, has asked ChatGPT to help find a vulnerability and provide a piece of smart contract code.
Oh my God what is this pic.twitter.com/I2hE0e5ppq
-cts (@gf_256) December 1, 2022
The bot responded by pointing out that the contract has a return vulnerability where the exploiter can repeatedly withdraw funds from the contract and provided an example of how to fix the problem.
This similar type of exploit was used in May by a decentralized finance (DeFi) platform attacker, the Fei protocol. He stole 80 million dollars.
Others shared results from a chatbot after claiming vulnerable smart contracts. Twitter user devtooligan shared a screenshot of ChatGPT, which provided the exact code required to repair a Solidity smart contract The “we’d all be out of work” vulnerability comment.
My God. Seriously mind blown
We will all be out of work pic.twitter.com/iwjjOTPDLY
Advertisement– devtooligan (devtooligan) December 1, 2022
With the tool, Twitter users have already started joking that they are now able to start businesses for it Security audit Simply by using a bot to test vulnerabilities in smart contracts.
Excited to announce my promotion to my new savvy security consulting firm.
I’ll be just throwing ChatGPT to thumb your code. https://t.co/gSFyABd9M6– Eddie (⬅️,) (@0x_eddie) December 1, 2022
Cointelegraph tested ChatGPT and found that it can also generate an example smart contract from a prompt using simple language, generating code that can apparently Offer staking rewards For ethereum-based non-fungible tokens (NFTs).
Although the chatbot is capable of testing smart contract functionality, it is not built solely for this purpose, many on Twitter built it. I suggested Some of the smart contracts you create have issues.
The tool may also give different responses depending on how it is asked, so it’s not perfect.
Related: The secret network solves a network vulnerability after white hat detection
Sam Altman, CEO of OpenAI chirp that the tool was an “early demo” and is “largely a research build”.
He opined that “language interfaces will be a big deal” and that tools like ChatGPT will “soon” have the ability to answer questions and give advice on subsequent iterations of completing tasks or even discovering new knowledge.
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As a millennial, this is hard to say, but baby boomers do the coding better. They’re taking research methods used in traditional markets and applying them to crypto projects, according to a new report from Bybit and consumer research firm Toluna.
The report says that 34% of Boomers spend “a few days” doing due diligence on a project before investing – 50% more than other generations. Even more troubling, “64% of North American investors spend less than two hours or not at all on DYOR.”
Boomers are also likely to focus their research on technical factors such as tokens, revenue, and the competitive landscape. Contrast this with their younger compatriots, who are more likely to appreciate reputation items like a charismatic founder and “website aesthetics.”
This goes to show that being a digital and hands-on native is not as much of an advantage as people think. It actually pales in comparison to some of the Warren Buffet-style skills that older investors have honed over the years. Related: 5 tips for investing during a global recession
Baby boomers are probably more likely to retire and therefore have more free time than younger generations. It’s hard to say, but it seems the best way forward for young people is to be humble and learn from their elders.
Although crypto has many distinct characteristics that set it apart from other capital markets, it still has enough in common to allow for a decent crossover in analytical skills. After all, the price of digital assets is highly dependent on the balance of supply and demand in the market, just like the traditional markets.
Digging in Technologies This can prevent the kind of bad decision making that led to big losses in 2022. Several times I felt good about buying a token based on the project white paper and the solid narrative that drove it, but I found, upon further research, that there is a lot of capital involved. The investment unleashes imports so that selling pressure will influence prices for years to come.
Newborns who are used to analyzing company numbers and calculating price-to-earnings and price-earnings-to-growth ratios can apply these skills to data from CoinGecko or CoinMarketCap. Young generations need to know why “circulating supply” vs. “maximum supply” important and why size is critical. In fact, cryptocurrency projects that are similar to traditional value investments have held up relatively well in the bear market. Investors are becoming more aware of the difference between protocols that issue tokens as a glorious way to raise funds and those that generate revenue and share it with their holders. So-called “real-yield” crypto projects are not unlike dividend-paying companies — something boom investors may be familiar with and possibly drive some of their investment decisions.
This is not to ignore the importance of narrative and community in modern investing and cryptocurrency in particular. For example, perennial decentralized trading platforms such as GMX, Gains, and ApeX Pro benefited from the pro-decentralization sentiment after the FTX bankruptcy.
Researching this aspect requires a good knowledge of social media, especially Twitter, which is one of the main ways to reach crypto analysts, founders, and downstreamers. Investors use these tools to find the narrative, assess where the narrative is in its life cycle, and gauge overall market sentiment.
Related: Five reasons why 2023 will be a tough year for global markets
But Millennials and Generation Z don’t really have an edge when it comes to using social media to assess trends because it’s not that new anymore. it’s a Web 2Everyone already knows how to use social media. In fact, young adults are turning their familiarity with social media into a disadvantage by overestimating it as a research tool, while baby boomers are more likely to stick to the facts. Traditional investing due diligence continues to distinguish men from boys, just as it has throughout history. As long as that happens, baby boomers will outpace the younger generations because they do more research and tend to be more patient when it comes to investing, resulting in higher returns than the younger generations, who may jump into investing without fully understanding what they are getting into. If you are looking for someone who is reliable and knowledgeable about due diligence, look no further than your parents or grandparents.
Nathan Thompson He is the lead technical writer at Bybit. He spent 10 years as a freelance journalist, covering mostly Southeast Asia, before turning to cryptocurrency during the COVID-19 lockdowns. He holds a Joint Honors degree in Communication and Philosophy from Cardiff University.
This article is for general information purposes and is not intended and should not be considered legal or investment advice. The views, ideas and opinions expressed herein are those of the author alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
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Bitcoin investor sentiment is deadlocked amid price faltering in the market. While the digital asset continues to hold the $16,000 level, investors retreat from the market, ensuring that there is no big move either up or down, and as a result, investor sentiment has not moved.
the Encryption of fear and greed It shows that Bitcoin investor sentiment has not moved much in the past month. He finished November with a score of 29 which put him right in the fright zone but since then he has been unable to break out of that trend.
The score in this indicator over the course of December ranged between 26-30 mostly, maintaining an almost straight line trend over the period. So far, the Fear and Greed Index is at a score of 28 which is up one point from last week’s close of 27.
What this trend in the Fear and Greed Index shows is that bitcoin investors are not willing to take any risk. This is why the indicator could not move into the greed zone. On the flip side, selling sentiment has not been as strong as one would expect during a time like this. If investors were to sell more of their bitcoins, it would be obvious given that the index would slide further. Instead, it continues to maintain a roughly consistent point level, which means that the hold sentiment is now dominating the market.
Bitcoin is still finding it difficult to regain the momentum it lost over the past month. This reluctance on the part of investors to do anything with the tokens has led to the price of the digital asset following the same path as sentiment. BTC has now refused to break out from the $16,000 price level. As a result, Bitcoin’s volatility dropped to all-time lows. So it is likely that the last two days of 2022 will follow the same trend. A recovery should not be expected in any way as the momentum will continue to decline as people take a break from the markets to celebrate with family.
Instead, it is important that BTC holds above $16,000 to close the year. Anything below this level would be very bearish and could lead to more declines in the market as the bears take control. But finishing above $16,000 strengthens investors’ resolve to hold on to their coins.
BTC is trading at $16,519 at the time of writing. Its price has decreased by 0.43% in the last 24 hours and 2.01% in the last 7 days.
Featured image by Finbold, chart from TradingView.com
Published on By Valkyrie Investments has submitted a proposal to take over the troubled GBTC Bitcoin trust. “We understand that Grayscale has played an important role in the development and growth of the Bitcoin ecosystem with the launch of GBTC, and we respect the team and the work they put in,” said Stephen McClurg, Valkyrie co-founder and CIO. In a statement posted on the company’s website. “However, in light of recent events involving Grayscale and its family of companies, it is time for a change. Valkyrie is the best GBTC management firm to ensure that its investors are treated fairly.” SEC Head Gensler Discusses Crypto Regulation After FTX Collapse – Says This Field Is ‘Bigly Incompatible’ – Bitcoin News Regulatory Oryen Network is the new face of DeFi, with Pancakeswap and 1 inch showing that sustainable yield is possible. Jules to enter management after failing to secure new funding China will use the cuts at the appropriate time to keep liquidity ample, Reuters reported, citing state media Analysis – Jail fueled Lula’s determination to tackle poverty over profit. By Reuters France to release €5 billion in SDRs for countries at risk under G20 programme. By Reuters What does the midterm elections mean for today’s trading: live analysis US Treasury Secretary, Indian Finance Minister Discuss Crypto Regulation – Bitcoin News Regulatory
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