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I'm actually very curious to know where you've heard of something like that that predates the Bitcoin protocol's mining difficulty adjustment algo.

I think they’re referring to the recent Terra/Luna crash.

You may be right, but in that case I don't understand the relevance of Terra/Luna to bitcoin's difficulty adjustment algorithm.

There is none. But in this divisive world crypto must be either perfect, or every single part of it broken, according to people.