I distinguish between two versions of the black hole information-loss
paradox. The first arises from apparent failure of unitarity on the spacetime
of a completely evaporating black hole, which appears to be
non-globally-hyperbolic; this is the most commonly discussed version of the
paradox in the foundational and semipopular literature, and the case for
calling it paradoxical' is less than compelling. But the second arises from a clash between a fully-statistical-mechanical interpretation of black hole evaporation and the quantum-field-theoretic description used in derivations of the Hawking effect. This version of the paradox arises long before a black hole completely evaporates, seems to be the version that has played a central role in quantum gravity, and is genuinely paradoxical. After explicating the paradox, I discuss the implications of more recent work on AdS/CFT duality and on the Firewall paradox’, and conclude that the paradox is if anything now
sharper. The article is written at a (relatively) introductory level and does
not assume advanced knowledge of quantum gravity.

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