Public commitment:
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Hash: SHA512
CCing cheshirecats as site owner; CCing OB-NYC as witnesses.
> gwern
> I signed up usernames "gwern" and "gwernbranwen" at pivory.com
> I will release login info to you for a ransom.
> The ransom value decreases over time following exponential decay with a half-life of 365/2=182.5 days. It starts at 32 USD on 2012-09-11. I'll allow a 1 day precision.
> Payment is to be sent as Bitcoin using MtGox average price to 1LtiftPcu3AjTbXf2XFCbvNTaeRFL1
yBAy
> After 365 days I will start using the accounts.
> notgwern@tormail.org
Your message in my anonymous site feedback form leaves me deeply
amused, and I applaud your courtesy in setting the 365-day ransom at a
modest $8 (2 half-lives from $32); but I'm afraid I must decline your
offer permanently.
Since there are indefinitely many Internet sites which allow user
signups and publicly visible comments, accepting an extortion on any
of them for any amount exposes me to indefinitely large losses. Hence
by backward induction, there is a clear decision-theoretic verdict
against paying you any sum.
- --
gwern
http://www.gwern.net
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=KiUs
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EDIT: Followup predictions:
1. He will reply: http://predictionbook.com/predictions/8217
2. He will not attempt a second time: http://predictionbook.com/predictions/8218
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Hash: SHA512
CCing cheshirecats as site owner; CCing OB-NYC as witnesses.
> gwern
> I signed up usernames "gwern" and "gwernbranwen" at pivory.com
> I will release login info to you for a ransom.
> The ransom value decreases over time following exponential decay with a half-life of 365/2=182.5 days. It starts at 32 USD on 2012-09-11. I'll allow a 1 day precision.
> Payment is to be sent as Bitcoin using MtGox average price to 1LtiftPcu3AjTbXf2XFCbvNTaeRFL1
yBAy
> After 365 days I will start using the accounts.
> notgwern@tormail.org
Your message in my anonymous site feedback form leaves me deeply
amused, and I applaud your courtesy in setting the 365-day ransom at a
modest $8 (2 half-lives from $32); but I'm afraid I must decline your
offer permanently.
Since there are indefinitely many Internet sites which allow user
signups and publicly visible comments, accepting an extortion on any
of them for any amount exposes me to indefinitely large losses. Hence
by backward induction, there is a clear decision-theoretic verdict
against paying you any sum.
- --
gwern
http://www.gwern.net
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Version: GnuPG v1.4.12 (GNU/Linux)
iEYEAREKAAYFAlBOZVUACgkQvpDo5Pfl1oL5KgCgiNbJsTRo0+vW48L7/RXxraKY
X4oAnRvX1YWd0WQtw9Qw1tXff6FHw+2P
=KiUs
EDIT: Followup predictions:
1. He will reply: http://predictionbook.com/predictions/8217
2. He will not attempt a second time: http://predictionbook.com/predictions/8218
Wow, that's quite a scheme. I'm pretty amused.Sep 11, 2012
Am I missing something, or would it make more sense for the ransom to increase exponentially? You will only really be tempted to pay if Pivory becomes the hot new thing, which becomes less ambiguous with time.Sep 11, 2012
Michael: I figured it was an attempt to hack convenience; if I paid up quickly, he'd make the most. Most people would not be patient enough to wait. (You're right that you and I would choose a compounding strategy, like any regular extortionist, to instead incentivize quick payment by all sorts of people.)
Of course, he must not know me very well, because if he did, he would've known that I would simply put payment on my calendar for a year from now and pay as little as possible, or better yet, wait for him to actually start using the accounts and only paying up if it looked like he could do some damage with it.Sep 11, 2012
You would be tempted to pay early if the ending date was unknown. I am surprised he made that public.Sep 11, 2012
Speaking of extortion, did you see this?
http://www.pnas.org/content/early/2012/05/16/1206569109.full.pdf
Probabilistic strategy gives extortionist advantage in iterated prisoner’s dilemma.Sep 11, 2012
This suggests that people only take exponential discounting seriously when it isn't made explicit. If one thinks that hyperbolic discounting makes more sense though then this ransom doesn't really work.Sep 11, 2012