“The challenge lies in striking a balance between human judgment and technological efficiency, recognizing that neither is infallible, and that collaboration between the two can yield the most robust outcomes.”

This is the statement of ChatGPT, a generative artificial intelligence (AI) chatbot developed by OpenAI, during a panel discussion at the “Digital Currencies, The Frontiers of AI and Fintech” conference with Nick Merritt of metaverse platform Vault Hill, Cynthia Campbell of Canada’s

Alberta Securities Commission, Amila Dissanayake of crypto analysis firm Chainalysis, Ganesh Viswanath Natraj of the Gillmore Centre of Financial Technology, and Ray Patterson of the University of Calgary.

ChatGPT Advocates for Human-AI Collaboration

According to ChatGPT, humans should not merely rely on AIs and bots because they are “only as good as the data and algorithms they’re built on, which can be biased, flawed, or manipulated.”:

“Our reliance on these technologies may inadvertently erode human judgment, critical thinking, and the ability to question or challenge the status quo. By placing too much trust in AI and blockchain, we risk creating a society that’s overly dependent on technology, susceptible to manipulation, and disengaged from ethical considerations.”

Balancing Decentralization and Regulation in Crypto

Meanwhile, speaking about cryptocurrencies, the AI chatbot emphasized that cryptocurrencies were born to challenge centralized control, especially regulatory agencies. 

“However, with the growing adoption of digital assets, some regulation is inevitable. Striking a balance between maintaining the decentralized spirit of cryptocurrencies and ensuring investor protection is the real provocation. Navigating this delicate balance is crucial for the future of both crypto and traditional finance,” ChatGPT explained, adding that though blockchain networks are inherently secure, they are not immune to vulnerabilities.

Recently, former Coinbase director Conor Grogan revealed that he tried to test the ChatGPT-4 by inserting a live Ethereum smart contract, and the chatbot instantly pointed out several “security vulnerabilities.” Aside from identifying the problems, GPT-4 even pointed out how the code might be exploited.

During the panel discussion in the recently concluded Bitcoin, Beer, and Bitstories, Paul Solimnan of BayaniChain and Leon Gaban of Moon Holdings admitted that it is too early to see it and that we are still in the process of understanding it for daily use. However,they also highlighted that AIs will help produce more efficient outcomes in the future and will be a great help in the GameFi industry.

Read our live coverage here: 

ChatGPT’s inclusion in the list of panelists at an IRL event is the first known panel discussion in which a generative AI chatbot was among the panel of speakers. 

“The panel discussion with ChatGPT was a great success and provided a new dimension to the conference. Generative AI is in its infancy but has the potential to change the way we work, research, study, and live in so many ways—we are only scratching the surface of its capabilities,” Ram Gopal, Academic Director of the Gillmore Centre of Financial Technology, concluded. 

This article is published on BitPinas: ChatGPT Joins Panel Discussion for First Time, Calls on Humans to Work With AIs

Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.

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