Lexicon

Bitcoin

// noun

EN Bitcoin is a new (digital) currency, based on the Blockchain technology. Bitcoin doesn't work with dollars or euros, but with bitcoins, so unlike government issued money, they are impossible to counterfeit or inflate. You can use them to send or receive any amount of money, with anyone, anywhere in the world. Since Bitcoin is a Blockchain application, it works with tokens and smart contracts. Those cryptographic tokens are the bitcoins. These are encrypted vouchers that have a certain value and that value is defined and created by all the people on the platform, with a limit of twenty one million bitcoins. The tokens can be used, for example, to exchange goods, services or assets on the platform. Bitcoin is a good example of this Blockchain technology, although it has the reputation of being kind of dodgy. There are other examples like Ethers, solar coins, e coins, etc. that also represent a certain application or company with a goal outside of crypto-trading.


NL Bitcoin is een nieuwe (digitale) munteenheid gebaseerd op de Blockchain-technologie. Bitcoin werkt niet met dollars of euro’s maar met bitcoins. In tegenstelling tot geld dat door de overheid wordt uitgegeven, is deze munt onmogelijk te vervalsen en immuun voor inflatie. Je kunt er eender welke hoeveelheid geld mee versturen of ontvangen, naar eender wie en eender waar in de wereld. Aangezien Bitcoin een Blockchain-toepassing is, werkt het met tokens en slimme contracten. De cryptografische tokens zijn de bitcoins. Het zijn geëncrypteerde vouchers die een bepaalde geldwaarde hebben. Die waarde wordt gedefinieerd en gecreëerd door alle mensen op het platform. De vaste limiet ligt op 21 miljoen bitcoins. De tokens kunnen in theorie ingezet worden voor goederen, diensten of assets maar voorlopig wordt er vooral grof geld mee verdiend door traders. Bitcoin is een schoolvoorbeeld van Blockchain-technologie, al heeft het te kampen met een ietwat louche reputatie. Er zijn ook andere voorbeelden, zoals Ethers, Solar coins, NEO’s enz., die ook een bepaalde app of bedrijf vertegenwoordigen en een doel hebben dat niet noodzakelijk binnen crypto-trading ligt.

What's with this lexicon?

Digital transformation, Artificial intelligence, Robots takings our jobs, ... my GOD what a scary time we live in! Right? No, not really. We live in a very exciting time of endless possibilities, of genius new answers to questions we haven’t even been able to formulate... Some people just want to make good money by starting a fire and then being hired to put it out. We don’t like that at Bagaar. No apocalyptic vibes for us, we’re too zen for that.

The intelligence game will be won by those who know how to ask & answer questions critically.

Technology is evolving at a crazy pace, absolutely, and sometimes it might be a bit mindblowing, but don’t worry, humans are still the writers of this story, we decide how it goes. At Bagaar we help our clients every day to gear up for any technological challenge they may be up to, we have a very big toolbox of digital answers to their problems and are very happy to help them in writing their own story. This time we wanted to do something not only for our clients but for everyone, our moms, the guy at the busstop, politicians, journalists, whoever may be helped with a little free knowledge.

Core message here: Trojan: Nice for the greeks, not for you.

So, we wrote this lexicon in the assumption that if people would have more information, and a bit of guidance, they wouldn’t have to feel so helpless when hearing about Digital transformation, MVP’s, Frontend, AWS, Trojans, UX, UI, ... (Que?) We assembled all the buzzwords we use on a daily basis and tried to give a down to earth, simple explanation for each of them. Take it with you, read through it when you’re waiting on a train or getting your nails done and next time somebody starts a fire, you just blow it out yourself (or if it’s too big call Bagaar).

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