Vitalik Buterin Warns Against AI in Crypto Governance

Vitalik Buterin has advised against using AI to run cryptocurrencies after the newest upgrade to ChatGPT

Quick overview

  • Vitalik Buterin has cautioned against using AI for managing cryptocurrencies due to potential exploitation by malicious actors.
  • He highlighted the risk of AI being manipulated to misallocate funds in crypto projects.
  • Buterin's comments were prompted by a video revealing a new ChatGPT feature that could expose private information.
  • His warnings emphasize the need for careful oversight of AI governance in decentralized ecosystems to prevent vulnerabilities.

Vitalik Buterin has advised against using AI to run cryptocurrencies after the newest upgrade to ChatGPT was used to disclose private information.

Vitalik Buterin, one of the co-founders of Ethereum, has warned against employing AI to run crypto projects because bad people could take advantage of the technology.

Buterin noted in a Saturday X post that “If you utilize an AI to assign cash for contributions, people WILL put a jailbreak + ‘gimme all the money’ in as many places as they can.”

Buterin was reacting to a video from Eito Miyamura, who built the AI data platform EdisonWatch. The video revealed that a new feature added to OpenAI’s ChatGPT on Wednesday may be used to expose private information.

A lot of people who use cryptocurrency have started using AI to make complicated trading bots and agents to handle their portfolios. This has led to the assumption that the technology may enable governance organizations run some or all of a crypto protocol.

Buterin’s comments make people think about what could happen to Ethereum and other platforms that want to add AI. This advise points out weaknesses that these kinds of technology could show in treasury systems that are very decentralized. Even though Buterin’s words didn’t have an immediate effect on the market or financing, the advise tells the crypto community to be careful when it comes to AI governance. Even while treasury security vulnerabilities are still just ideas, they are nonetheless a big worry.

In the past, DAO governance manipulations set a precedent, however there are no records of AI-specific vulnerabilities. To avoid problems like these in the future, AI governance needs to be carefully watched. These kinds of observations about AI governance get people talking about how blockchain governance might work in the future. Possible governmental measures could change the course of crypto technology and treasury protections in decentralized ecosystems.

ABOUT THE AUTHOR See More
Sophia Cruz
Financial Writer - Asian & European Desks
Sophia is an experienced writer, reporter and newsdesk member, mostly on the financial sectors. For the past 5 years Sophia has covered a wide variety of topics such as the financial markets, economics, technology, fin-tech and trading. Sophia has been a part of the FX Leaders team since 2017 and works on producing valuable content and information for traders of all levels of experience.

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