Copywriting samples - Tech
What is an RFID-Blocking wallet?
An RFID-Blocking wallet is one that blocks RFID, or Radio Frequency Identification signals. This is a new
technology meant to be easier and quicker to use than the traditional barcode-slide-and-sign routine
that we had grown used to whenever paying with plastic.
RFID uses an electromagnetic field that can transmit information instantaneously, and is now
implemented across a variety of credit and debit cards for all major companies, machine-readable
passports, and NFC-friendly phones.
Unfortunately, there are dark places on the internet where one can buy a fairly potent portable reader,
which, with a few expert tweaks, can help a cybercriminal standing several feet away to steal your
identity, address, and even full credit card number wirelessly. The solution? Aluminum foil all over your
credit cards – provided you don’t mind the odd looks or the possibility of scratching or demagnetizing
your other cards – or a RFID-blocking wallet.
ICOs – An Initial Public Offering on Steroids
Initial Coin Offerings are, at its core, a new crowdfunding method that allow entrepreneurs to fund their
new ventures without giving away control of their future company.
The process behind an ICO is mired in tech-slang, but the investment mechanics are fairly simple: the
team behind a new start-up creates a new cryptocurrency unit, based on an existing protocol (most
commonly Ethereum or OpenLedger), and generates a certain amount of units of it – the crypto-tokens.
These tokens are then put up for sale to all prospective investors. After the company launches and it
starts turning a profit, investors can trade these tokens for their market value, either in other tokens,
cryptocurrency, or even good old fiat (a.k.a “normal”) currency.
One of the key aspects of tokens is that they are not shares or securities, so investors who buy them
won’t be getting an actual piece of the company, nor will they get a say in the running of it. Because of
this, ICOs or “token sales” are exempt from any of the regulations faced by the traditional financial
establishment. Tokens can be bought by anyone in the world, sometimes even anonymously, which can
mean a lot of quick money for potentially isolated or cash-strapped entrepreneurs.
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