{"id":202981,"date":"2021-03-16T01:45:18","date_gmt":"2021-03-15T22:45:18","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-now-the-prize-for-this-sailing-event\/"},"modified":"2021-03-16T01:45:18","modified_gmt":"2021-03-15T22:45:18","slug":"bitcoin-now-the-prize-for-this-sailing-event","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-now-the-prize-for-this-sailing-event\/","title":{"rendered":"# Bitcoin now the prize for this sailing event"},"content":{"rendered":"

“# Bitcoin now the prize for this sailing event <\/strong>”
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Touted as a digital store of value with scarce supply, Bitcoin has seen its fair share of comparisons to gold over the years. Keeping up with that trend, a sailing competition called the Liberty Bitcoin Cup offers Bitcoin (BTC) as a competition prize instead of a gold trophy.\u00a0\u00a0<\/p>\n

\u201cThe Liberty Bitcoin Cup is the prime cup for the Next Generation of World Class Sailors, competing on the Next Generation of High Tech Class Foil Sailing boats,\u201d says<\/a> the Liberty Bitcoin Cup\u2019s website. \u201cWhere traditionally Gold Cups were the premier Cups in traditional sailing, this next generation is now powered by the Next Generation of gold \u2013 Bitcoin.\u201d <\/p>\n

Essentially, foil sailing employs new technology<\/a> and design, according<\/a> to a 2017 article from the Wall Street Journal. Foil boats utilize a design in which the boat maneuvers above the water\u2019s surface to a degree, reducing friction and adding speed potential.<\/p>\n

The Liberty Bitcoin Cup hopes to lower the barrier of entry for young people interested in foil sailing competitions, its website explains. This year\u2019s competitors must fall within the birth year range of Jan. 1, 1996 to Feb. 15, 2003. \u201cTeams consist of 3 or 4 crew members of mixed gender and shall race with both genders or all females on board,\u201d the site says. <\/p>\n

Including the finals, the cup consists of four events, and will pay out 1 BTC to the victor, according to the site.<\/p>\n

Crypto industry folks have often compared and contrasted gold and Bitcoin over the years. Gold shares some use case similarities with Bitcoin, such as its role as a store of value, and has been viewed as valuable for millennia. Coming on the scene in 2009, Bitcoin does not yet have such a lengthy history behind it, but has gained notable adoption over the past year or so as company allocations to the asset have become more common. <\/p>\n