The media sensation surrounding Aylan Kurdi–who drowned on the way to Greece, fleeing Syria for a new life in Canada–has brought renewed focus to the refugee issue. Thanks to violent conflicts in the Middle East, Afghanistan, and across northern Africa, more than 300,000 people have crossed the Mediterranean sea for Europe this year, already up almost 50% percent from 2014. 2,500 people are confirmed to have died this way, a crisis of immense proportions.
Governments around the world have shown little concern. Europe’s current wave of right-wing politics has led to a crackdown on immigration, even in countries where citizens are willing to take them into their own homes. Even oil-rich Arab states have offered to take in exactly zero refugees, despite their shared religious faith with and close proximity to conflict zones.
Meanwhile, private enterprise is leading the way. Billionaire Naguib Sawiris has offered to buy an island to house the refugees, but there will be numerous regulatory problems and a price tag of up to $100 million. If we want to solve this problem we’re going to some need new tools, and good ones.
Bitcoin is one of those tools. Being