PRICES MAY VARY. In 1936 the notion of intuitive computability was operationalized in two different ways: via Turing machines and via lambda-calculus. The difference consisted in manipulating beads (bits) for the former approach versus manipulating trees (rewriting lambda-terms) for the latter. Both proposals turned out to formalize the same notion of computability, and led to the Church-Turing Thesis, claiming that intuitive computability is captured in the correct way. This resulted in the foundation of imperative and functional programming. Variants of lambda-calculus are being used in another powerful field of applications, namely proof-checking, the basis for certifying mathematical theorems and thereby high tech industrial products. These two areas of research are still being activ