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Transfuturist comments on The paperclip maximiser's perspective - Less Wrong
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She is preserving paperclip-valuing intelligence by protecting herself from the potential threat of non-paperclip-valuing intelligent life, and can develop interstellar travel herself.
It's a lonely job, but someone has to make the maximum possible amount of paperclips. Someone, and only one. Anyone else would be a waste of paperclip-material.
It does say she would die too, - "wipe out all life on Earth" -otherwise I would agree.