Touted as a digital store of value with scarce supply, Bitcoin has seen its fair share of comparisons to golden over the years. Keeping up with that trend, a sailing contest chosen the Liberty Bitcoin Loving cup offers Bitcoin (BTC) as a contest prize instead of a gold bays.

"The Liberty Bitcoin Cup is the prime number cup for the Next Generation of World Grade Sailors, competing on the Next Generation of High Tech Class Foil Sailing boats," says the Liberty Bitcoin Loving cup's website. "Where traditionally Gilded Cups were the premier Cups in traditional sailing, this side by side generation is at present powered by the Adjacent Generation of gold – Bitcoin."

Essentially, foil sailing employs new technology and blueprint, according to a 2017 article from the Wall Street Periodical. Foil boats utilize a design in which the boat maneuvers above the h2o's surface to a degree, reducing friction and adding speed potential.

The Liberty Bitcoin Cup hopes to lower the bulwark of entry for young people interested in foil sailing competitions, its website explains. This year'due south competitors must fall inside the birth yr range of Jan. 1, 1996 to Feb. fifteen, 2003. "Teams consist of 3 or iv crew members of mixed gender and shall race with both genders or all females on board," the site says.

Including the finals, the loving cup consists of four events, and will pay out 1 BTC to the victor, according to the site.

Crypto industry folks take often compared and assorted gold and Bitcoin over the years. Gold shares some employ instance similarities with Bitcoin, such equally its role as a store of value, and has been viewed equally valuable for millennia. Coming on the scene in 2009, Bitcoin does non yet have such a lengthy history behind it, only has gained notable adoption over the by year or so as company allocations to the nugget have become more common.