China embarrasses US in NSA hacking contest
computerworlduk.com
computerworlduk.com
I come from an eastern European country, and I participated in the IOI (high-school equivalent of TopCoder). If I were still living there, I would have gone to Top Coder, because the prize looks good for someone in eastern Europe.
Now that I'm in the US, the prize money isn't worth the time I would need to train. I have better opportunities to make money and add to my resume. I miss competitions, but I really like what I'm working on.
I'm not saying that the US school system doesn't suck. I'm just saying that TopCoder performance isn't a valid argument for that.
As an aside, if you don't mind telling me, do you think your participation in the IOI helped get you into grad school at MIT? If so, to what extent?
Disclaimers: I can't into the heads of the people in the admissions office. Also, the Dean of Admissions was changed a few years ago, so my input is likely to be irrelevant.