katydee comments on Proper value learning through indifference - Less Wrong
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Huh. Okay, I'm pretty sure I have an actual memory of inventing this, though I was hesitant about saying so. But I also remember inventing it at a fairly recent MIRI workshop, while the term clearly dates back to at least 2012. Maybe I saw and subconsciously remembered, or maybe "Cake or Death" is just the obvious thing to call utility alternatives.
"Cake or Death" was part of an Eddie Izzard joke from 1998-- I think it has achieved some kind of widespread memetic success, though, since I've seen it in quite a few places since.