I didn't read the stupid Daily Mail article because I doubt that they have any intelligent thing to say on the matter, but it's not a "disgusting" practice. (And there are people on this board who have had or know a lot about Lotus Births -- hopefully a few of them will chime in!) From what I've read, the placenta doesn't smell bad if it's washed / dried, and people usually put herbs on it and place it in its own bag. Apparently it also detaches from the baby much faster compared to if cord is cut and also leaves a clean area. It's something like 2-3 days compared to 1-2 weeks of the cord stub being in place. It also has essentially no risk of becoming infected, but again, I do hope someone who knows more about it comes on and corrects me if I'm wrong.
It sounds lovely, but it's sad to see so many misinformed articles about the matter; I saw one site saying the practice should be illegal -- WTF?! It does no harm to the baby, it's just a bit more hassle for the mother, so why would it be made illegal? Personally, I would have encapsulated my placenta above a lotus birth, but I would consider it for the future. This time around I planted my placenta under a baby tree that we are keeping and I have plenty of pictures of it. I'm not spiritual or religious in any way, but the placenta is an organ you shared with your baby and gave your baby life, so I see it as something worth valuing and not just tossing out with disgust, but that's just me.