Here at BitStarz News, we’ve seen some pretty crazy ideas for tokens over the years, but Diana takes the cake. Diana is a blockchain based lunar registry that is attempting to divide up the Moon and tokenize it. While it sounds like a cool idea on paper, in practice it’s got to go down as one of the most useless projects to ever grace mankind.
Let’s dive into the wonderful and interesting world of tokenizing the Moon…
Nobody Owns the Moon…Yet
As you’re sat reading this, nobody owns the Moon or has any right to carve it up and sell sections of it. A United Nations treaty classifies the Moon as common human heritage, meaning that an entity or country cannot own the Moon. That being said, the US Commercial Space Launch Competitiveness Act does allow people to claim asteroids as their own.
For now, Diana doesn’t own the Moon, nor does it have any legal claim to the Moon, so it selling chunks of the Moon for profit could very well be seen as contradicting a UN treaty. Seeing as nobody actually owns the Moon, it also raises the question as to how you can buy a slice of the Moon from Diana. The more you break the Diana project down and question its authority to sell chunks of the Moon, it raises the question of the project’s legitimacy.
Simply Creating a Registry
Interestingly, Diana claims no ownership of the Moon and has even allegedly consulted with international lawyers to ensure that their project isn’t frowned upon. Diana is simply creating a blockchain registry, allowing people to buy Diana tokens representing a slice of the Moon. Once mining on the Moon is possible, these owners will allegedly be able to either mine their land, rent it out or sell it on to others. However, if a quote from the 1891 American Bankers Association – as printed in the Congressional record of April 29, 1913 – is anything to go by, someone with the power to get to the Moon will ignore this blockchain registry.
The quote reads:
“We will foreclose and become mortgagees in possession. We can take two-thirds of the farms west of the Mississippi, and thousands of them east of the Mississippi as well, at our own price… Then the farmers will become tenants as in England…”
So, before you dash off and buy yourself a slice of the Moon, it’s worth asking yourself, where is the money going? We’ve seen a lot of scams lately that look like legitimate projects, so make sure you’re extra vigilant when something sounds too good to be true – much like owning your own slice of the Moon for all eternity.