In reply to needvert:
i work as a canyoning guide, so a lot of abseiling, wet and dry.
this comes up all the time.
so, a few years back we did a LIMITED experiment specific to OUR SCENARIOS. capitals reinforce that we in no way covered all possible variations.
we got a petzl fig8, heated it on a bbq till it was hot enough to scorch wood then (holding it with welding gloves and tongs) threaded a length of 10mm static rope thru it.
i dont know how much heat dissipated between the bbq and the rope, but aside from sizzling a few fuzzy fibres it did nothing.
now, we didnt analyse under uv, with a microscope etc, but there was no difference in the feel of the rope (ie no hardening, glazing etc).
we put the rope under as much tension as possible but probably didnt get to as much as geared up climber + momentum forces.
the same thing done to 8mm prussik cord melted thru it like butter.
conclusion: i feel safe about it, but still see the gaps in the experiment.
our 8 was way hotter than any 8 would actually get to, but a dynamic rope under more tension is too big an unknown to ignore.
that said, petzl make a thing called a huit thats an 8 with little rubberized holder to protect your fingers from a hot device.
i cant imagine a piranha is much different.
make of it what you will.