Thank you so much for taking the time to read this month's newsletter. Your presence means a lot to myself and my team and greatly contributes to our mission. At the end of the letter, there’s a link to help you help us share this letter with your friends and family so we are able to reach more people. In our last newsletter, we discussed the history of money and touched on how inflation impacts people's livelihoods. This time, we want to explore freedom. This freedom is an important aspect of cryptocurrencies: their potential to level the economic playing field for third world economies.

If you're reading from South Africa, you may remember when a liter of fuel cost 4.92 ZAR (South African Rand). If you're in Lusaka, you might miss paying only 25 ZMW (Zambian Kwacha) for Ifisashi with Nshima. And for those in Accra, you surely miss the days when Waakye was only 5 GHS (Ghanaian Cedi). These nostalgic memories remind us of the changes in our purchasing power over time and raise the question: where has our money gone? Murray Rothbard aptly questioned, "what has the government done to our money?"

In recent years, many developing countries have experienced hyperinflation (when prices rise extremely quickly, making it harder for people to buy things they need) and currency devaluation (when the value of money goes down, so you need more of it to buy the same things), leading to economic challenges for us. Various factors contribute to this, including political instability, conflicts, natural disasters, and changes in trade policies. The decisions of a few leaders can shape the economic destiny of millions. Essentially, the reason why I can no longer buy a pie and a coke for a dollar fifty cents is because of the decisions made by a small group of leaders who influence the lives of more than 60 million people. This raises an important question: Why should the future of millions be determined by the egos of a few centralized leaders? Should our future be determined by centralized egos? Why are we in it?

Let's take a look at how currencies have devalued over the past five years. Using Bitcoin as a benchmark due to its market dominance, we can see a significant decrease in purchasing power across several currencies. From May 2018, these five currencies have lost an average of approximately 87% in relation to Bitcoin. The United States Dollar leads with a decline of 97.4%, followed by the Ghanaian Cedi at 89.7%, the Zambian Kwacha at 84.6%, the South African Rand at 82.7%, and lastly the Botswanan Pula at 80.7%. Cryptos play a vital role in leveling the economic playing field through their decentralized nature. Unlike traditional currencies, cryptos operate independently, eliminating the influence of centralized authorities. This decentralization empowers individuals who may have been excluded from traditional financial systems, reminiscent of the power and control we had in bartering. With cryptos, we, the people, regain the ability to shape supply and demand based on our needs and desires, rather than relying on an 'invisible hand.' Crypto creates opportunities for individuals from diverse backgrounds to participate in global transactions and investments, fostering economic empowerment and dismantling barriers that previously hindered financial inclusion.

Everything that exists today was created by people who are not any more smarter than you and I. Everything we see began as an idea, an idea to do good or to destroy. Nuud Money's mission is to advance human liberty and help you look forward to tomorrow. We can't achieve this alone; we need your help. You make this massive vision and mission possible by sharing this newsletter, purchasing and holding cryptocurrencies, and spreading the word to your friends and family. We are building a whole new world and we cannot, and will not do it alone. We want to live in a world where a black girl born in Lusaka has the same financial footing as a white girl born in Canada. We want borders built by race, gender and geopolitics to vanish. We want to advance human liberty and help you look forward to tomorrow.

Overall, cryptocurrencies have the potential to equalize opportunities for third world economies by offering financial freedom, facilitating cross-border transactions, ensuring privacy and security, and creating new investment avenues. As the world becomes increasingly digital, cryptocurrencies will play an even more significant role in the global economy. While risks and challenges exist, the pursuit of a stable and reliable medium of exchange is a fundamental goal of human society, and history suggests that cryptocurrencies hold promise for the future.

mpumelelo

nuud, inc.