while going through my morning coffee I decided to do a little research.
BitCompThis fall, every MIT undergrad will receive $100 in Bitcoin
What will you build to inspire your fellow students?Topic Prizes
For the final round we will have $1,500 Topic Prizes, which are as follows:
Improving MIT Award: Application or service with most potential for improving some aspect of student life at MIT
Engineering Award: Application or service that features impressive engineering or that is effective in demonstrating the capabilities of Bitcoin.
Evangelism Award: Best application or service for introducing new users to Bitcoin -----------
My guess is that they're going for this one here with 'Intelliapp' Next Billion Award: Application or service that best addresses challenges in developing nations
Awesome Award: Application, service, or project thats just plain cool, fun, or creative
Some links
MIT BitComp Competition website:
http://bitcoin.mit.edu/mit-bitcoin-projects-bitcomp/Facebook group for the competition:
https://www.facebook.com/groups/mitbitcomp/ -------- If you remember one of the dev's name, you'll find her as a member in that group.
We already know from the MIT web admin that they started this as a summer project......
About the github: If I were to start a coin, I wouldn't write the basic code from scratch, I'd outsource the 'chassis' and write my proposed innovation on top of that. Excuse my analogy, I don't know the first thing about coding!
Half Empty or Half Full - It is up to you. Me? I'll go for Half Full

Thank you for the addition to the discussion. I am also on board with you here. I'm going to be patient. I remember my first couple of years of college taking 15 credit hour terms and being overwhelmed. I think any college student can relate to this in some way shape or form. My college even gave us summer work before fall semester started and made us do community service. I'm going to be patient with them. Too many things seem to point towards this not being a scam. BTW, the dumps are ending. Weak hands have been shaken. Buys are starting to become the majority right now.