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faul_sname comments on Harry Potter and the Methods of Rationality discussion thread, part 15, chapter 84 - Less Wrong Discussion
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1) In most situations, it is not the most efficient means to an end (interestingly, in Voldemort's case, it may have come close).
2) A reputation for defection in PD-like situations means nobody will ally with you. Unless you are in an undisputed leadership position, this is a very bad thing.
3) People are likely to try to kill you.