1.0OpenNode Bloghttps://blog.opennode.com/blogF. Cary Snyderhttps://blog.opennode.com/blog/author/f-cary-snyder/rich600338<blockquote class="wp-embedded-content" data-secret="XItG9rWTcP"><a href="https://blog.opennode.com/blog/glossary/fiat-currency/">Fiat Currency</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://blog.opennode.com/blog/glossary/fiat-currency/embed/#?secret=XItG9rWTcP" width="600" height="338" title="“Fiat Currency” — OpenNode Blog" data-secret="XItG9rWTcP" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /* <![CDATA[ */ /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); /* ]]> */ </script> Fiat Currency Fiat currencies are made by the decree of governments and/or central banks. They are not backed by physical commodities, like gold or silver, and instead by the strength and stability of the government that issues it. Because of this, governments can arbitrarily create money out of thin air whenever they decide they need ...https://lh3.googleusercontent.com/NaYr3SLQylSDucP0PnEsdW00IUPUttTpSGk-2hzhW0xE1w6OJXo5SONpGuE62aO7dgWG2pA_ZzK4RLxtTFVfAOPh3P_rtvzyJ07-ydMBnjoGJaWaUbjwS-dedWnVzHCCwRARho04