60-Seconds 303: fortunes to be made in the 48-hour logo site

You've probably seen the design community cult-movement "No SPEC" against spec-work, or seen thousands of complaints from graphic designers about the hack logo sites proliferating online these days. Today I got a press release, for DTG, from "48-hour Logos" a crowd sourcing site offering "contests" for designing logos. I've provided reference links below, but first, consider this December 11, 2013