# Creating a Catalyst Proposal in 60 Seconds With ChatGPT ![](https://i.imgur.com/EBcaPMw.jpg) ## Intro to ChatGPT ChatGPT is taking the internet by storm. It is a new AI model that has been released to the public by the OpenAI project: https://openai.com/blog/chatgpt/ ChatGPT is a [GPT-3 Application](https://openai.com/blog/gpt-3-apps/) and self describes itself as: > **Prompt: explain GTP-3 AI in a few sentences** > > GPT-3 (Generative Pretrained Transformer 3) is a large-scale language model developed by OpenAI. It uses deep learning techniques to generate human-like text, and can be used for a variety of natural language processing tasks, such as text generation, translation, summarization, and dialogue. GPT-3 has a massive amount of training data and a large number of parameters, which allows it to generate high-quality text that is difficult to distinguish from human-written content. The following is the text of a session that I had with this AI, inspired by watching Felix Weber do something similar in a Swarm Veteran's meeting. I was completely amazed at what Felix demonstrated, and I wanted to see how easy it was to create a Catalyst Proposal for littlefish complete with Risks, Mitigations, Timeline, and a Budget by prompting ChatGPT myself. The following section is the result; the text has not been edited in any way except to highlight the prompts that I used. I'll leave it as an exercise to the reader to interpret the results and the impact this might have on things. ## The Session #### Prompt: Create a proposal for Project Catalyst about using smart contracts to develop teal organizational communities using Cardano #### ChatGPT Response: Project Catalyst is a community-driven initiative that aims to enable the development of innovative and impactful projects on the Cardano blockchain. One potential use of smart contracts on Cardano is to develop teal organizational communities, which are self-organizing and decentralized, and prioritize the well-being and personal growth of their members. Teal organizations are based on the principles of self-management, wholeness, and evolutionary purpose. In a teal organization, all members have the autonomy and responsibility to make decisions and contribute to the organization's goals. This can be achieved through the use of smart contracts on the Cardano blockchain, which can automate the decision-making process and ensure transparency and accountability. One potential application of smart contracts in a teal organization is to create a decentralized autonomous organization (DAO). A DAO is a digital entity that is governed by a set of rules encoded in smart contracts. Members of the DAO can make decisions and take actions based on these rules, without the need for a central authority. For example, a teal organization could use smart contracts to implement a decentralized governance system, where members can propose and vote on decisions that affect the organization. The smart contract can automatically enforce the rules and regulations of the organization, and ensure that the decision-making process is transparent and fair. Another potential application of smart contracts in a teal organization is to automate the distribution of resources and rewards. For example, a teal organization could use a smart contract to implement a token-based economy, where members can earn tokens for contributing to the organization and use them to access resources and services within the community. This can help to align the incentives of the members and promote collaboration and engagement within the organization. Overall, the use of smart contracts on the Cardano blockchain can enable the development of teal organizational communities that are decentralized, transparent, and fair. By empowering members to make decisions and contribute to the organization's goals, teal organizations can foster innovation and personal growth, and create positive impact in the world. #### Prompt: Amazing, now think about some possible risks to this proposal and offer some mitigations #### ChatGPT Response: One potential risk of using smart contracts to develop teal organizational communities is the possibility of security vulnerabilities in the smart contract code. If the smart contract contains bugs or is not properly audited, it could potentially be exploited by malicious actors, leading to financial loss or damage to the organization's reputation. To mitigate this risk, it is important to ensure that the smart contract code is thoroughly tested and reviewed by experienced developers and security experts. This can help to identify and fix any potential vulnerabilities before the smart contract is deployed on the Cardano blockchain. Additionally, the organization can implement security measures such as regular audits and security updates to ensure that the smart contract remains secure over time. Another potential risk is the possibility of regulatory challenges. Depending on the jurisdiction, the use of smart contracts and cryptocurrencies may be subject to certain regulations, which could potentially impact the operation of the teal organization. To mitigate this risk, it is important for the organization to be aware of and comply with relevant regulations. This may involve consulting with legal experts and working with regulatory authorities to ensure that the organization's activities are in compliance with the law. Additionally, the organization can educate its members about the legal and regulatory framework, and encourage them to act in accordance with the rules and guidelines. Overall, while the use of smart contracts on the Cardano blockchain has the potential to enable the development of innovative and impactful teal organizations, it is important to carefully assess and manage the potential risks to ensure the success and sustainability of the project. #### Prompt: Great, now break the proposal down into achievable milestones over 4 months #### ChatGPT Response: The following is a proposal for the development of teal organizational communities using smart contracts on the Cardano blockchain, broken down into achievable milestones over a 4-month period: - Month 1: Research and planning - Research the principles and best practices of teal organizational communities and decentralized autonomous organizations (DAOs) - Identify the specific goals and objectives of the teal organization and the role of smart contracts in achieving these goals - Develop a high-level plan for the design and implementation of the smart contract, including the key features and functionality - Month 2: Design and development - Design the smart contract, including the rules and regulations of the organization, the decision-making process, and the token-based economy - Write the smart contract code and test it in a development environment - Review the smart contract code with security experts and make any necessary modifications - Month 3: Deployment and testing - Deploy the smart contract on the Cardano blockchain and set up the organization's infrastructure, including its digital identity and token - Test the smart contract in a controlled environment with a small group of members - Collect feedback from the members and make any necessary adjustments to the smart contract - Month 4: Launch and ongoing operations - Launch the teal organization and invite members to join - Support the members in using the smart contract and participating in the decision-making process - Monitor the operation of the smart contract and the organization, and make any necessary updates and improvements. Overall, this plan outlines a structured and achievable approach to developing teal organizational communities using smart contracts on the Cardano blockchain. By completing each milestone, the organization can progress towards its goals and build a successful and sustainable community. #### Prompt: Great! Now break the proposal down with a budget of $75,000 #### ChatGPT Response: The following is a proposal for the development of teal organizational communities using smart contracts on the Cardano blockchain, with a budget of $75,000: - Research and planning (Month 1): $10,000 - Research and analysis: $5,000 - Development of high-level plan: $5,000 - Design and development (Month 2): $20,000 - Design and coding of smart contract: $15,000 - Security review and testing: $5,000 - Deployment and testing (Month 3): $20,000 - Deployment of smart contract: $10,000 - Infrastructure setup and testing: $10,000 - Launch and ongoing operations (Month 4): $25,000 - Launch and member recruitment: $10,000 - Support and maintenance: $15,000 Total: $75,000 This budget allocation is based on the estimated cost of completing the milestones and achieving the goals of the project. It includes funds for research and planning, design and development, deployment and testing, and ongoing operations. By following this budget, the organization can effectively allocate its resources and ensure the success of the project. > total elapsed time, under 60 seconds... ## Reflections on the Session I am super impressed by the quality of the generated text, and the ability to keep context of our conversation and use the previously generated text to inform the answers to the new prompt. The depth of knowledge, the use of language, and the speed at which it was able to create responses (usually within a second or two) was mind-blowing, to say the least. The output was easily better than many human-created proposals that I've seen submitted to Project Catalyst. I am left to wonder how many GPT-3 generated proposals we will see in Fund 10 of Project Catalyst, and if that is a good or bad thing. Are we ready for our AI-powered future? It's coming sooner than you think. It's already here. Try: https://chat.openai.com/chat to experience it yourself.