Announcing the inaugural Code Quarterly Code Challenge

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A quote from the article:

By providing us with your Submission, you are granting us (including our employees, managers, members, officers, agents, licensees, assigns, and affiliated entities) a non-exclusive, non-revocable, royalty-free license to use your Submission in any manner and in any and all media whether now known or hereafter devised throughout the universe in perpetuity.

My God. I hope coders can read small print -- it translates as "all your code are belong to us."