Rutgers robotics team and its computer science department have moved into a new Arts & Sciences building on Spring Street in New Brunswick. Rutgers University, Bridgewater Courier News
NEW BRUNSWICK - Three major cryptocurrency organizations have partnered to launch a rocket with bitcoin on it to the moon by 2020. To promote the effort right now, they have partnered with RutgersBit, the Rutgers University blockchain club and will host an airdrop event on campus on Monday, Sept. 3, from 1 to 4 p.m. during the Rutgers University Fall Involvement Fair.
At the airdrop event all participants will receive free bitcoin, learn about the rocket launch, and how organizers hope this will in turn spur andinternational space race. Moonshot.Expess, AirdropX, and multiple other companies within the blockchain and cryptocurrency industry are putting on these events over five continents, involving 25-plus universities, and giving bitcoin to more than 5,000 students.
Moonshot.Express, through crowdfunding, aims to put bitcoin private keys on a rocket and launch it to the moon. The theory goes that once landed, the wallet on the moon will increase in value as the price of bitcoin increases, thus being a large enough amount to outweigh the cost of building and launching a retrieval device. In turn, this would lead to the beginning of an international space race.
"The concept of Bitcoin to the moon has been very popular, a pop-culture-like comment and concept within the Bitcoin and broader blockchain ecosystem," said Cameron Schorg, chief business development officer at AirdropX.
"It started off kind of as a joke but then we started looking into exactly what that would actually take in order to put Bitcoin on the moon and looking at different rocket providers and some of the other challenges," Schorg said.
"We want to headline Bitcoin and blockchain to the rest of the world," explained Schorg. "This is going to be an event that, once we're able to make it happen, it's going to sit up on the moon as an accolade and a highlight for the rest of the world to look at.
"We'd also like to create a space race to the moon," he added, "The idea is that if you put a private key or a wallet or account of bitcoin on the moon, we can incentivize people to go to the moon by putting a lot of money on that private key — there's going to be a lot of teams, a lot of schools, a lot of companies, they're all going to race to go get the massive bounty."
Schorg said he has always been a fan of space exploration and explained that when Google sponsored a similar space-related race (lunar.xprize.org), a tenfold amount of funding went to the space industry as a whole.
"We currently going through the process right now of accepting proposals as a community and vetting those proposals and working through that, we have not secured a payload provider to the moon yet but we are in talks with a few," Schorg said. "We're at least a year out, so, end of 2019 or early 2020 is when we'd actually be launching the moon."
"The very best way to build communities in person and we have this idea that if we're able to bring people together, that's going to be the most effective way to evangelize and to jumpstart a community and get people involved," Schorg explained. "In that same way, there is like a token giveaway at the events as well so people have extra incentive to go there and to be involved in the event."
On Monday, founder and president of RutgersBit, the Rutgers blockchain club, Christian Buren, said that Bitcoin will be given to several hundred students — "pieces of paper that will have instructions on how to open a wallet that has $5 of Bitcoin inside of it," he said.
"The purpose of RutgersBit is to spread the word of cryptocurrency and blockchain, especially the business applications of it," Buren said. "This allows us to take a non-technical approach to educating students — we can give an explanation of blockchain and cryptocurrency and since we're in Rutgers Business School, that allows us to utilize all the resources that Rutgers Business School has like connections to existing firms.
"Every well-established company is experimenting or even implementing blockchain technology in some way, shape, or form," Buren added. "We're educating students so that by the time the real broad adoption and implementation actually happens (three to five years from now), members of our organization are going to be ready for the workplace that is going to be demanding these blockchain-oriented jobs."
He explained that because blockchain is not centralized, using it makes commerce and transactions safer and more secure for people to use — and he believes more companies will switch over to it because of that.
Burens said that a lot of companies are holding technical workshops about blockchain for their employees, so "instead of a company having to spend the extra time and money educate their existing staff, there's going to be a whole division of students at Rutgers Business School who are already well-informed."
The group is working to empower students to be ready for the 21st century business workplace, Buren said, adding that the group would like to see a center at Rutgers Business School focusing on the business applications of blockchain.
Based in Toronto, AirdropX is a global blockchain marketing solutions firm that builds token economies by generating interest in projects based on cryptocurrency airdrops. They do this by distributing the native tokens, or in this case bitcoin, to build hype around projects and companies.