@sofiav @Aradiel @molly0xfff ChatGPT would make an excellent politician.
Maybe with an avatar like this:
@molly0xfff I've seen this sort of reply to people at least 3 times and it's bizarre.
Why do people keep doing this what is even the point of social media unless you actually talk to actual humans?!
It was bound to happen. People aren't particularly capable of independent critical thinking and logic these days. Wait until their arguments are parroted verbally from ChatGPT in high schools and colleges.
I'm surprised there isn't a ChatGPT script yet that listens and responds in real time for students to read from...
Omfg. This is a depressingly likely prediction.
If you haven't already read it, I thoroughly recommend checking out "Paradises Lost", by Ursula Le Guin - the last short story in The Birthday of the World and Other Stories.
You must frame the question in a very negative way to get that sort of response.
It is claimed that ChatGPT accepts corrections. I asked about #Bitcoin as investment, and, while it mentioned some risks, it mostly spewed the usual promoter BS -- "hedge asset", "increasing adoption in commerce", etc. I patiently wrote half a dozen retorts trying to correct those claims and get it to say that it is a ponzi scheme, but got only partial success. #chatgpt #bitcoin >>
>> It kept repeating the correct definition of Ponzi scheme, but then kept saying "it is not a ponzi because it does not have a central operator" -- which is totally irrelevant for the definition.
In the end I tried to "shame" it by pointing out that, since it refuses to give investment advice in general, it should avoid discussing cryptocurrency as well. It sort of agreed but continued to do it. #bitcoin #chatGPT
But I suppose that all that was a waste of time, because it might only change what it says to ME -- not what it says to others...
And that may be its worst "feature": with time, it will not only give false answers, but false answers that reinforce the misconceptions and prejudices of the user...
My condolences. That's surreal, and not in an entertaining way.
@molly0xfff "The data is stored on more systems so it's harder for an attacker to access" is... wow, well, that's a take, I'll give it that.
About as accurate as I've come to expect ChatGPT to be...
I had the same experience a couple days ago.
Asked 5 questions to a BTC maximalist to try to show him that he did NOT really understand bitcoin. Like, "when was a long-confirmed $10'000 BTC transaction fraudulently reversed", "how many pools does it take to impose a 10% transaction fee", "what is the real cost of a BTC transaction", etc.
He replied with 5 CharGPT generated responses. All wrong, of course.
The fraudulent $10'000 reversal happened in 2013, during the operation that Gavin coordinated to fix the database bug that had caused the chain to split.
If 51% of the hashpower agrees, it can impose any mandatory minimum fee. That could be the 3 largest pools, sometimes just the largest 2.
Miners collect more than 20 M USD each day, mostly from block rewards and a little from tx fees. They cannot process more than 400k tx/day. So the system costs ~$50 per transaction.
@JorgeStolfi @molly0xfff Alright, then sorry, those seem to be more your misunderstandings. Even though this was the most catastrophic fork event in Bitcoin's history, refering to macbook-air's transaction as "long confirmed" is a stretch. The fork was resolved in a few hours.
A credit card transaction can take 6 months to clear (back end, nothing the consumer ever sees, but for merchants that's still the case).
As to what 51% of mining pools decide on, no, that's not how having 51% of the hashing power works. You're still running a statistical game so the other 49% will still mine on average 49% of the blocks.
And finally, you cannot refer to the cost of securing the system (which is what the cost of the Proof of Work is) as cost per transaction. Those two things are barely correlated, especially when considering the L2 transactions (Lightning Network) that are done on top of that security.
Of course ChatGPT was merely parrotting the BS that bitcoin promoters have filled the internet with.
They CLAIM that the most important feature of the blockchain is that once a transaction got 5-6 confirmations, it is immutable and cannot be reversed. That is just a LIE as that 2013 incident showed. The conditions that made that reversal possible are still all here. >>
A credit card payment gets a confirmation -- accepted or rejected -- in under 10 seconds. The merchant usually gets the money in his bank account in 1-3 days. Six months is the deadline for contesting fraudulent payments.
A bitcoin transaction may take anywhere from 10 MINUTES to 6 weeks to get a positive confirmation, and there is no negative confirmation: if the tx is rejected, the user just waits and waits and waits... After the tx is confirmed, the merchant still has to sell the BTC and withdraw the $$ to his bank account, which takes the same 1-3 days. And there is no way to contest fraudulent payments: this is another one of crypto's fatal intrinsic flaws. >>
The cost of operating the system is the cost of operating the system; there is no "this cost does not count". Right now most of that $50/tx cost is paid by the suckers who keep "donating" their space money to the "project".
As for the LN, it is a technological FRAUD even bigger than bitcoin. IT DOES NOT WORK. >>
@JorgeStolfi @molly0xfff So in the cost of regular coins and banking we need to add the cost of securing gold transfers, security guards etc?
Fine by me. That would mean that Bitcoin is cheaper than the current financial system by orders of magnitude.
Was that your point?
The cost of a Visa transaction is less than 5 US cents. INCLUDING all their costs with internet, servers, utilities, rent, and the salaries of all their staff -- including those who do customer assistance and fraud investigation and litigation. Just check their financial reports.
The point is that most of what bitcoiners "know" about bitcoin is wrong, often a deliberate lie.
@JorgeStolfi @molly0xfff Is Visa part of the rest of the world's financial system or not?
(Hint: If you remove _everything_ but Visa - will "visacoin" still have value?)
Do you know how expensive cash handling is for a typical store as a percentage of transactions?
I don't think you do.
The existing financial system is _incredibly_ expensive.
Please tell me how expensive cash handling is. When I buy a coffee for $5, and pay in cash, will someone have to pay $50 to process that payment?
Bank wires too cost only pennies per transaction, even if you include all the costs of running and securing the servers.
@JorgeStolfi @molly0xfff "research from IHL Group shows that cash handling costs many retailers between 4.7 and 15.3 percent. This means for every $100 sale, a business is paying between $4.70 and $15.30 just to manage their cash."
We usually calculated with 9% in discussions with companies when I worked in that sector.
What secures a bank wire? What's that cost?
https://www.plainscapital.com/blog/the-cost-of-accepting-cash/
What are those costs of handling cash? Security and theft? The time it takes for the cashier to count and make change? Do you really want to compare cash to bitcoin in those aspects?
@JorgeStolfi @molly0xfff When you realize that what you believe and facts aren't in agreement - why don't you take the opportunity to learn more?
You make claims about Bitcoin without knowing the costs of the technology it replaces.
That's like arguing against the Internet because it costs more than faxes.
It is you who is refusing to learn, and refusing to accept that the facts disagree with your beliefs.
I explained twice that bitcoin costs A LOT more than the technology that it was supposed to replace. That is not a guess: just check Visa's transaction volume and their total operating costs.
Yet you ignore what I say and just keep repeating the LIE that it costs less.
Molly White
Joe Dowland
David L
brianshaler
Martin De Wulf
reiterator
Todd Vierling 
Jim Cappio
Sofia ☭🇧🇷☭
naught101
Artemis
Vitor Py
Zoe
Alex Froio
💡𝚂𝗆𝖺𝗋𝗍𝗆𝖺𝗇 𝙰𝗉𝗉𝗌📱
Nate V.
Paul Church
Jake Ouellette
Rory
Martin
syn
Sammy (friend of foxes)
Nihl L'Amas
Richard
a*lfonso adriasol&
Jorge Stolfi
CarlRJ
Ronja A-R (e/em/eir ; hen)
Larry Garfield
Skrrp 
Paul Taylor
Troed Sångberg