Gold was the ultimate money for 5,000 years. So how did it lose to paper? The answer isn't just economics—it's physics. ⚛️

Gold is heavy, dangerous to transport, and slow. To speed up trade, we invented a "Layer 2" solution called paper receipts. That convenience introduced a fatal flaw: Trust. In this episode, we trace the "Slow Motion Heist" that trapped the world in a fiat system:

The birth of Fractional Reserve Banking (printing more receipts than gold).

The 1933 Confiscation (Executive Order 6102).

The 1971 Default (The Nixon Shock). We explain how the world moved from "verified value" to "trust me, bro" money—and why we are now living through a monetary experiment with no historical precedent.

Timestamps: 0:00 - The Physics Problem (Gold's "Bug") 🪨
0:50 - The Paper Trap (Layer 2 Explained) 📄
1:30 - The Birth of Fractional Reserve Banking 🏦
2:10 - 1933: The Great Confiscation (FDR) 🔨
3:30 - 1971: The Default (Nixon Shock) 📺
4:45 - The Fiat Experiment Begins

#HistoryOfMoney #GoldStandard #NixonShock #FiatCurrency #EconomicHistory #BitcoinEducation #Inflation #FederalReserve #1971

People say Bitcoin is "fake" because it isn't backed by anything. But is the US Dollar backed by anything? Is Gold? The answer will surprise you. 🤔

In this video, Adam O'Brien (CEO of Bitcoin Well) dismantles the biggest myth in finance: that money needs to be "backed" by something physical to have value. We explore why money isn't about "backing"—it's about Attributes. We break down the 5 traits that make money useful: Scarcity, Divisibility, Transferability, Authenticity, and Durability. See why Bitcoin scores higher on every single metric than Gold or the US Dollar, and why it's the first "Supreme Asset" in human history.

Timestamps: 0:00 - The "Backed by Nothing" Myth 🚫
1:15 - Money solves the "Coincidence of Wants" (The Barber Example) 💈 2:30 - Attribute 1: Scarcity (Known vs. Unknown Supply) 📉
4:00 - Attribute 2: Divisibility (Infinite Slices) 🍕
5:15 - Attribute 3: Transferability (Sending Value Globally) 🌍
6:45 - Attribute 4: Authenticity (Verifying Fake Money) 🔍
8:10 - Attribute 5: Durability (The 100-Year Test) ⏳
9:30 - Proof of Work: The Real "Backing" of Bitcoin ⚡

Resources:

Start Stacking at Bitcoin Well: https://bitcoinwell.com

Learn More about Bitcoin: https://bitcoinwell.com/learn

#Bitcoin #WhatIsMoney #BitcoinEducation #HardMoney #Inflation #GoldStandard #CryptoMyths #BitcoinValue #AustrianEconomics

Why does it feel like "Capitalism" is failing and "Socialism" is rising? The answer isn't in the voting booth—it's in the printing press. 🖨️

In this episode of Bitcoin Well Reads, we explore the terrifying convergence of the American and Chinese economic models. Whether you call it "Corporate Welfare" or "State Socialism," the engine is the same: Fiat Currency. We analyze the works of Ludwig von Mises, Ayn Rand, and Murray Rothbard to reveal why they would have all viewed Bitcoin not just as an investment, but as the only moral escape from a rigged system. The labels on the bottle (Democrat, Republican, Communist) don't matter when the poison inside (Inflation) is identical.

Timestamps: 0:00 - Intro: The Illusion of Choice 🗳️ 1:15 - The "Three Giants": Mises, Rand, Rothbard 3:30 - Why "Hard Work" Doesn't Pay Anymore (The Cantillon Effect) 5:45 - The Convergence: China vs. USA 🇨🇳🇺🇸 8:20 - Monetary Socialism Explained 11:00 - Bitcoin: The Separation of Money and State

#AustrianEconomics #Socialism #BitcoinPhilosophy #Mises #AynRand #Rothbard #Inflation #PoliticalEconomy #ProofOfThought #BitcoinWell