Lexicon

Crowdfunding

// noun

EN This one is not really new anymore, but it's an important one so we added it to the list anyway. Crowdfunding is a way of financing something with a group of people that might not even know each other. What you get in return depends entirely on the project's specifics. You could fund a new type of keychain on Kickstarter and receive a keychain, or you could co-fund a community garden and get a basket of vegetables every week. There are variations to crowdfunding, for example a crowdsale: The biggest outcome of a crowdsale ever was with the creation of the DAO, The Decentralised Autonomous Organisation, in which they raised more than USD 34 million. You could put money in the DAO and receive in exchange DAO-tokens. This meant that the value of the money you put in was defined by how many other people would buy into the organisation and how many people would pay for your tokens after the creation phase was over. It was like an investor-directed venture capital fund, but with an ideological and Blockchain sauce over it. For more info on the DAO, check out our blog at bagaar.be.


NL Deze is eigenlijk zelfs niet nieuw meer. Het is wel een belangrijke, vandaar z’n plaats in deze lijst. Crowdfunding is een manier om iets te financieren met een groep mensen die elkaar daarom zelfs niet hoeven te kennen. Wat je ervoor terugkrijgt, hangt helemaal af van hoe het project opgezet is. Je kunt bijvoorbeeld een nieuw soort sleutelhanger steunen op Kickstarter en er een sleutelhanger voor krijgen. Of je kunt een gemeenschappelijke moestuin cofinancieren en er elke week een groentenpakket voor terugkrijgen. Er zijn variaties op crowdfunding zoals crowdsales (groepsaankopen). De grootste opkomst voor een crowdsale ooit was bij de oprichting van het DAO: de Decentralised Autonomous Organisation, waarbij meer dan 34 miljoen dollar werd opgehaald. Je kon geld in de DAO steken in ruil voor DAO-tokens. Dat wil zeggen dat de waarde van het geld dat je erin stak, werd gedefinieerd door hoeveel andere mensen zich in de organisatie inkochten, en hoeveel mensen bereid waren te betalen voor jouw tokens na de oprichtingsfase. Het was een investeringsgericht durfkapitaalfonds, maar met een ideologische Blockchain-saus erover. Meer info over de DAO vind je op onze blog.


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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