Web3 Developer Loses $40,000 Through GitHub: Crypto Community Reacts, ChatGPT-Coded Memecoin Surges
Summary:
Web3 developer Brian Guan inadvertently lost $40,000 after publicly exposing his wallet keys on GitHub. The incident led to mixed reactions from the crypto community, with some expressing sympathy while others criticized Guan's earlier comments about coders employing the OpenAI's chatbot, ChatGPT, for writing code. The criticism was further fueled when a memecoin coded by ChatGPT, created by digital artist Rhett Mankind, saw its market capitalization surge over $600 million in May 2023.
Web3 developer Brian Guan revealed a regrettable incident where he mistakenly exposed his wallet keys on GitHub, the developer platform, leading to a loss of funds. Guan, who co-founded the Web3 streaming app Unlonely, announced on the platform X on June 5 that he lost $40,000 as a result of making a GitHub repository public, inadvertently revealing his concealed keys. A participant from the community questioned him about the duration it took for his funds to be siphoned off, to which Guan divulged that it merely took two minutes for an individual to abstract the funds. Guan was approached by Cointelegraph for comments but has not disclosed any statements yet.
On the dissemination of Guan’s post on X, it elicited a wave of varied responses from the crypto community. While some showed sympathy towards Guan and extended their support, others discovered Guan’s prior comments on developers employing OpenAI's chatbot, ChatGPT, for coding. One community member empathized with Guan's predicament, expressing their condolences and optimistic hopes for his recovery. However, some individuals from the community were not as compassionate.
In 2023, Guan put forth his views on smart contract engineers, stating that projects that compensate smart contract engineers with $200,000 are unlikely to prosper, using the slang term "ngmi" or "not gonna make it". Guan opined that a capable developer should be able to pen solidity with the aid of ChatGPT. Consequently, community member Foorbar humorously retorted that if someone is spending $200 on a hardware wallet, they too, are "not gonna make it" and proposed that developers should be capable of securing private keys on GitHub with the assistance of ChatGPT.
While some community members displayed sympathy towards Guan, others were critical of his viewpoints on developers, referring to it as a demonstration of "Gen Z entitlement".
In related incidents, a memecoin that was coded using the contentious ChatGPT has already gained traction within the crypto sector. The memecoin named Turbo, created by digital artist Rhett Mankind through ChatGPT in April 2023, recorded a new all-time high price on May 28, propelling its market valuation to exceed $600 million. Mankind used prompts to guide ChatGPT into generating what he aptly christened "the next great" memecoin.
Published At
6/6/2024 4:44:15 PM
Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.
Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal?
We appreciate your report.