Bruce Schneier is not God. stop kissing his butt. ;)
By the way....
"3. Contest Prizes are rarely good incentives..."
meanwhile...
"Our Twofish cryptanalysis contest offers a $10K prize..."
"2. The analysis is not controlled..."
meanwhile....
"..There are no arbitrary definitions of what a winning analysis is...We are simply rewarding the most successful cryptanalysis research result, whatever it may be and however successful it is..."
LMAO...this is from the same article!
"The above three reasons are generalizations. There are exceptions, but they are few and far between. The RSA challenges, both their factoring challenges and their symmetric brute-force challenges, are fair and good contests. These contests are successful not because the prize money is an incentive to factor numbers or build brute-force cracking machines, but because researchers are already interested in factoring and brute-force cracking. The contests simply provide a spotlight for what was already an interesting endeavor. The AES contest, although more a competition than a cryptanalysis contest, is also fair.
Our Twofish cryptanalysis contest offers a $10K prize for the best negative comments on Twofish that aren't written by the authors. There are no arbitrary definitions of what a winning analysis is. There is no ciphertext to break or keys to recover. We are simply rewarding the most successful cryptanalysis research result, whatever it may be and however successful it is (or is not). Again, the contest is fair because 1) the algorithm is completely specified, 2) there are no arbitrary definition of what winning means, and 3) the algorithm is public domain."