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.
“The 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,” says the Liberty Bitcoin Cup’s website. “Where traditionally Gold Cups were the premier Cups in traditional sailing, this next generation is now powered by the Next Generation of gold – Bitcoin.”
Essentially, foil sailing employs new technology and design, according to a 2017 article from the Wall Street Journal. Foil boats utilize a design in which the boat maneuvers above the water’s surface to a degree, reducing friction and adding speed potential.
