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wedrifid comments on Stupid Questions Open Thread Round 3 - Less Wrong Discussion
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It does, making 'blackmail' the wrong term to use when considering game theory scenarios. Some are 'threats', some are simply trade.
I would say that blackmail is the intersection of {things that are indistinguishable from threats} and {things that are indistinguishable from trade}. And yes, from the perspective of the blackmailers that includes both some things that are trade and some that are threats.