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Image By the way, what happened in 1971?
HomeInsightsKnowledge

By the way, what happened in 1971?

Timer1 min read

Double Spending is not only CoinShares’ new animated series designed to educate audiences on the historical, fun, and sometimes tragic stories behind money as we know it: namely, fiat currencies. This term, which inspired our series, was popularised by Mr or Mrs. Satoshi Nakamoto in the Bitcoin whitepaper.

In this episode, we discuss why the end of the gold standard was never supposed to be permanent. 

Illustrated by artist Alberto Miranda (The Guardian Weekly, The Economist, El País, Barron’s Magazine, Capital Magazine) and animated by CoinShares motion designer Marine Adenis, Double Spending offers insight into why Bitcoin may, after all, have a place in modern society.

In this episode: the Nixon shock

Published onOct 2nd, 2026

Writer
Jeremy Le Bescont article photo
Jérémy Le BescontLead Content Manager
Former journalist for Le Monde, Le Figaro, and Capital's Cryptocurrency section. Bitcoin node runner.