Coding challenge goes wrong: creator refuses to pay $5000 prize money

When Mike Goldman offered $5,000 to anyone who could compress a randomly-generated file of their chosen size in early 2001, he thought his money was perfectly safe. After all, it's mathematically impossible to compress truly random data. But Patrick Craig spotted a loophole that would lead to one of the most entertaining — and ultimately unpaid — exchanges in compression challenge history. — Read the rest
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