I think that bitcoin being a crux that will lift the civilization in a new age is a bit of a stretch and exaggeration in my opinion because it's not like bitcoin is going to be able to solve the wars or the hunger around the world alone. Can bitcoin power cities with energy? I don't think so, you want to know what the foundation of our civilization is? It's electricity, try ro remove it out of the equation and we will have millions of death in just 2 hours without electricity.
I understand what you are trying to express, but the question you are asking is exactly the problem that exists in our current civilization, whether it is war, hunger or energy. And I think these problems are exactly the problems that Bitcoin can solve in the future, and we need to think about it from two aspects.
The first aspect is Bitcoin itself. Bitcoin itself can exist as a world currency in the future, reducing the common people or weak countries in the world from being exploited at the currency level, and avoiding their wealth from shrinking in constant inflation.
The second aspect I think is more important, and that is the thought represented by Bitcoin, or Satoshi Nakamoto's thought.
I think the real Bitcoin idea is decentralization. We can follow this idea to carry out social changes, and we can conduct experiments on decentralized governance. In this way, we can establish a more fair, free, and equal social order. Only by establishing a set of social order can it be possible to fundamentally solve the war, hunger, or energy problems that our society is facing.
What's your objectives in getting a new project? Does it really worth it, we have enough coin already which can be used on your project if payment will be demanded not necessarily producing new coin. Also timing of a new project is very important even binance launch its project close to the 2017 peak of the bull market, which could be the best timing to have enough fund to sail through the bear. Bear market can wear projects out of fund, maybe you should prepare well to launch close to the next cycle.
Thank you very much for your suggestions. You also pointed out a few critical issues in our project.
First of all, the core positioning of my future project is not a currency, but a token, which will be established in the form of DAO, which I call Rainbow DAO.
The core of DAO has two levels, one is the token economy and the other is community governance. I will build a very complex token economic model and community governance mechanism, because what we need to solve is more complex economic behavior.
Because of the characteristics of Bitcoin itself, it needs a very stable environment, so it must minimize governance. But often our human economic behavior is very complicated, and it is designed to all aspects of human society, so we need to superimpose and innovate on the basis of simple economic models. This is the direction I am exploring.
Regarding the bull market and bear market, this is also a very important issue, but we have already noticed it. To prepare for Rainbow DAO, my team and I have been preparing internally for nearly 4 years, and it has only taken shape until today. We are ready to deal with multiple bull-bear conversions and will persevere in our efforts.