The point is to adopt bitcoin as it's own entity.
Awards should be 10, 5, and 3 bitcoin.
Or if you like big numbers call it 10 million satoshi, 5 million satoshi, 3 million satoshi ?
first prize: billion satoshi
second prize: half-billion satoshi
third prize: 300 million satoshi
> Coinbase must be the sole bitcoin payment method included in the app.
So, is it a hackathon to make something cool with bitcoin, or to make something cool with Coinbase?
Anything anyone does to make bitcoin bigger, better, and more mainstream, will benefit Coinbase in the long run. So it might be a bit short-sighted to restrict this unless there is a really good reason.
I assure you that this is a good thing in the long run, even if may be considered anti-bitcoin in spirit by some.
A bitcoin hackathon with prizes in dollar? Even if the winners are rewarded in bitcoin, it's still weird.
On the flip side, if BTC crashes, this is good for participants.
This seems like a pretty brilliant way to get tons of apps for only 18k
"for advertising and promotional purposes"
The terms also state this:
"Grant of License: All Contest submissions shall
remain the property of the submitting Participant."I'm a student who is looking to join a team for the [BitHack Hackathon](http://bithackathon.com/) - are any groups out there looking for someone to help with team coordination, app testing, user experience, etc.? My background is not technical in nature, but I've found that I always find a way to contribute in hackathons. I'm not in it for the money (although that does sound very nice) as much as I am for the notoriety.
Get at me!
My previous hackathon experience includes:
● Atlanta Govathon (2013) Finalist: Created a web app which scrapes local and state government websites to centralize public hearing and election information
● Hack for Cystic Fibrosis (2013) Finalist: Created a mobile responsive web app called Track*d which helps CF patients track, visualize, and broadcast medical compliance
● Random Hacks of Kindness (2013) Participant: Created a simple gradebook app for the Peace Corps which can be easily modified to reflect the language of a host country
I'm not glued to any particular idea, but was thinking a fun, one click trading app might be fun. E.g. some default settings like sell/buy in one minute or at a set price and then you just click if you think it will go up or down every once in a while. Like how binary options made trading stocks so simple and fun. ZoomTrader is a good example of a successful company doing that.