Chapter 2 of Mathematics for Computer Science presents the following:
Define the set $\mathbb F$ of fractions that can be expressed in the form $\frac{n}{n+1}$. Define $\mathbb N$ as the set of nonnegative integers. $\mathbb N + \mathbb F$ is the set of numbers $n + f$ such that $n \in\mathbb N$ and $f \in\mathbb F$.
The book goes on to prove that $\mathbb N + \mathbb F$ is a well-ordered set. I understand that much.
The book then goes on to say that: In $\mathbb N + \mathbb F$, every element greater than or equal to 1 can be the first element in strictly decreasing sequences of elements of arbitrary finite length. Nevertheless, since $\mathbb N + \mathbb F$ is well-ordered, it is impossible to find an infinite decreasing sequence of elements in $\mathbb N + \mathbb F$, because the set of elements in such a sequence would have no minimum.
Why can't there be such a sequence?
I understand that I cannot just take the subset ${0, \frac{1}{2},\frac{2}{3},...,\frac{n}{n+1},...,1} $ and simply reverse it to obtain a counterexample. Can someone put into words why this is?
To answer 1, an ordered set $X$ is well-ordered by definition if every nonempty subset of $X$ has a least element. Thus, if you follow the proof that $\mathbb{N}+\mathbb{F}$ is well-ordered, it cannot be the case that you have a subset without a least element. In particular, an infinitely descending sequence has no least element, so an infinitely descending sequence must not exist in $\mathbb{N}+\mathbb{F}$.
To answer 2, I think the confusion is coming from the fact that a sequence must be indexed by $\mathbb{N}$. This is a fancy way to say that it must have a first element, a second element, a third element, and so on, and that this process describes the entire sequence. You are correct that $\{0,\dotsc,\frac{n}{n+1},\dotsc, 1\}$ describes a subset of $\mathbb{N}+\mathbb{F}$. There are two problems with your suggestion that reversing the order gives you an infinitely descending sequence. First, we cannot change the ordering of $\mathbb{N}+\mathbb{F}$ — otherwise we would be answering questions about a different ordered set, which is not relevant to the stated problem. In other words, we need to work with the given rational ordering of $\mathbb{N}+\mathbb{F}$ to define a descending sequence. Second, look what happens if we now try to sequence points starting with 1 and going downwards: our second point will be some finite $\frac{n}{n+1}$, and there are only finitely many points in the set below this second point with which we can continue the sequence.
Hope this helps clear things up!