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Some interesting facts about cryptocurrencies listed by ChatGPT

5 February 2023

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Released November 2021 ChatGPT is depopulating. The highly intuitive virtual assistant able to answer in a relevant way the questions that are asked by the user is making the rounds of television programs, information newspapers, schools and much more. We talked about it too, but we decided to go a step further by asking her a few things about cryptocurrencies.

5 curiosities about cryptocurrencies according to ChatGPt

We started by asking ChatGPT to give us some facts about cryptocurrencies. The chatbot’s answer was:

  • "Cryptocurrencies are decentralized: unlike traditional currencies, which are controlled by a central institution such as a central bank, cryptocurrencies are managed by a distributed computer network around the world.
  • Bitcoin was the first cryptocurrency: Bitcoin was created in 2009 by an individual or group of people using the pseudonym Satoshi Nakamoto.
  • The amount of some cryptocurrencies is limited: for example, the total amount of Bitcoin that can be issued is limited to 21 million units.
  • Transactions in cryptocurrencies are anonymous: transactions in cryptocurrencies are recorded in a public register, but user names are not associated with transactions.
  • The value of cryptocurrencies can fluctuate significantly: the value of cryptocurrencies can change rapidly and drastically in a short period of time, sometimes in response to global news or events. This makes cryptocurrencies a high risk investment".

More fun facts about cryptocurrencies listed by ChatGPT

But our curiosity wasn’t satisfied, so we tried to ask the OpenAI AI to tell us some fun facts about cryptocurrencies. In this case the answer was given in two steps. First 5 facts were listed, then 5 more.

  • "A Bitcoin user forgot to save his private key, locking himself out of his wallet with 7,500 Bitcoins, which today would be over 40 million dollars.
  • In 2013, a young Norwegian programmer bought 5,000 Bitcoins for 27 dollars, and then forgot them. When he found out he had them back in 2017, they had grown to over $850,000.
  • In 2011, an employee of a company accidentally threw away a hard drive that contained 7,500 Bitcoins, which today would be over 40 million dollars.
  • In 2013, a man offered 10,000 Bitcoins, which at the time was only $100 for a pizza. Today that pizza would be valued at over $550 million.
  • In 2014, a man bought two pizzas with 10,000 Bitcoins, which at the time amounted to just 41 dollars. Today those two pizzas would be valued over 550 million dollars".

The next 5 arrived after our further request

  • "In 2017, an artist sold a work of art that consisted of a tweet printed on a piece of paper for 2 Bitcoins, which at the time amounted to more than 20,000 dollars.
  • In 2018, a man sold an area of his garden for blockchain land for 500 Ethers, which at the time amounted to more than $150,000.
  • In 2021, one man sold a virtual digital island on Decentraland for 605 Ethers, which at the time amounted to more than $200,000.
  • In 2019, one person sold a virtual container on Axie Infinity for more than $150,000 in Ethereum.
  • In 2021, one person sold a Crypto.com domain name for more than 10 million dollars in Ethereum".

The case of the domino sale Crypto.com

Intrigued by the last curiosity that ChatGPT has provided us we asked her if she could tell us something more and this was the answer.

"The Crypto.com domain name was sold for more than $10 million in Ethereum in 2021. The transaction was made on the Ethereum blockchain and represented one of the largest sales of a cryptocurrency domain name to date.

The buyer, Crypto.com, is a digital payments and finance company that uses blockchain to provide affordable financial services to everyone. The sale of the domain name has allowed the company to strengthen its market presence and stand out as a leader in the use of cryptocurrencies".

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