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thomblake comments on Newcomblike problem: Counterfactual Informant - Less Wrong
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It doesn't matter whether the paperclips are held by the humans or given to Clipmega. Give it a million right away to ramp up the paperclip production as quickly as possible.
In fact, Clipmega probably has better paperclip-storage mechanisms than the humans do, so just give it all the paperclips.
It may be a bad idea to trust Clipmega with the world's supply of paperclips. Judging by the phrasing of the problem, paperclips are worth a lot in this world, and we don't want to give him that kind of power.