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Re:Reddit is hiring. We're looking for 3 rockstar programmers. by DanI-S on Friday February 11, 2011 @01:56PM (#2207662)
Judging from jedburg's post, I'd argue that it allows them to hire people who would rather spend 3 hours up-front writing some code than spend 3 hours up-front writing a cover letter.

Which is preferable for the programmer, too, since the up-front, likely 'wasted' time is spent doing something enjoyable. The investment in writing a cover letter only comes after.

Re:Reddit is hiring. We're looking for 3 rockstar programmers. by VladRussian on Friday February 11, 2011 @04:25PM (#2208198)
what is the cover letter? :)

You still let the main assumption stand - i.e. looking for and hiring people who is ok with wasting of their productive time.