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There are wayyy more than 7. This post just scratches the surface of the hackathon value prop.
1. You enjoy/love it.

FIN.

The post is about hackathons, but I'd argue that all of these reasons apply to hacking in general. Of course, that makes it a much less controversial thesis (this is Hacker News, after all), but it raises the question: what's the value of hackathons in particular?