I don't see anything in moxie's blog post about whether this is optional. If it isn't and it's sending everything you type to the Giphy API then we have a whole new problem.
In the blogpost by moxie, there's the example of typing "Im excited", which then gets sent in multiple API requests to giphy (basically one of 'I', one of 'Im', one for 'Im+' etc.). Now, if this is an action you don't do explicitly (like pressing a button or something, to search for gifs), then it would basically send everything you type in order to continually search for gifs and then offer suggestions? It's not clear from the blogpost. I hope at least that this is not what moxie had in mind.