A transient Lunar population
In response to an idea on here a few weeks ago about having a transient Mars population, to ensure a catastrophic event on Earth wouldn't mean the end of humans. This concept of a rotating extraterrestrial colony is good, but it should be on the Moon instead of Mars. The moon has many valuable resources, including water, and doesn't have the dust storms of Mars. It could also be serviced from Earth and would be a lot less expensive.
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