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A comment on Three Arrows Capital co-founder Zhu arrested in Singapore airport. Parent comment

Re:Three Arrows Capital co-founder Zhu arrested in Singapore... by ogogmad on Friday September 29, 2023 @02:31PM (#37708354)
That might be one of those things that works well in the short term but may also have severe tail risks.

I heard a similar story about an algorithmic stablecoin called Luna (I think). The analogue of difficulty adjustments there worked fine until one day it didn't.

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Re:Three Arrows Capital co-founder Zhu arrested in Singapore... by grotorea on Friday September 29, 2023 @02:36PM (#37708400)
They can ultimately change the code if needed. Luna also tried that IIRC.
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Re:Three Arrows Capital co-founder Zhu arrested in Singapore... by kibwen on Friday September 29, 2023 @04:40PM (#37709842)
Indeed, one can "change the code" to do anything... including things like increasing the bitcoin supply arbitrarily. Bitcoin's scarcity is a social construct that will be changed when the people who control the nodes want to change it.
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Re:Three Arrows Capital co-founder Zhu arrested in Singapore... by sebzim4500 on Friday September 29, 2023 @04:43PM (#37709871)
Luna was a very different situation, it was nothing to do with difficulty adjustments.
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