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Actually Free Money! (Really.) The Bank of Nerdfighteria's Quarterly Report

2012-03-13 · John · watch on YouTube · Global development · announcement promotion

What is said

00:00:00 — Intro (honey badger story and best news teased); Bank of Nerdfighteria quarterly report: its lending and giving arms

  • ★★ John delivers the Bank of Nerdfighteria's quarterly report: the Bank has two arms, a lending arm and a giving arm. — 00:00:00 · Bank of Nerdfighteria

00:00:30 — Giving arm: the Foundation to Decrease World Suck becoming a charity; financials; $16,500 to each of five charities; zero operating costs; puff portal

00:01:24 — Thanks for the Project for Awesome; lending arm: how Kiva works, 99% repayment, Nerdfighter Kiva group grows from $75,000 to $239,000

  • ★★ John thanks Nerdfighters for their hard work during the Project for Awesome and points to how much suck was decreased. — 00:01:24 · Nerdfighteria, Project for Awesome
  • ★★★ John explains Kiva.org lets regular people lend to developing-world entrepreneurs (he lent to a farmer in Peru and a shopkeeper in South Sudan), who repay, giving them cheap credit others take for granted. — 00:01:24 · Kiva, microfinance, Nerdfighteria
  • ★★ John says that on Kiva you get paid back 99% of the time. — 00:01:54 · Kiva
  • ★★★ John reports the Nerdfighter Kiva group grew from $75,000 to $239,000 in loans last quarter, an increase he puts at 319% after checking with resident mathematician Daniel Biss. — 00:01:54 · Bank of Nerdfighteria, Kiva, Daniel Biss
    • number check: 319 — doubtful

00:02:23 — Over 9,000 members; near the top of monthly lending; the best news: free loans for the next 20,000 new Kiva members

  • ★★ John says the Kiva group now has over 9,000 members and is near the top in total loaned this month, between the atheists' and Christians' teams. — 00:02:23 · Bank of Nerdfighteria, Kiva
  • ★★★ John's best news: the next 20,000 people to join Kiva through the link in the description get a free $25 loan to make to a developing-world entrepreneur. — 00:02:23 · Kiva, doobly-doo

00:02:52 — Free loan paid for by a LinkedIn co-founder; story: a child of the brothers and the homemade stuffed honey badger; 'Honey Badger ate the edge'; sign-off

  • ★★ John says the free loans are paid for by one of LinkedIn's co-founders (named in the description as Reid Hoffman), so viewers can make a $25 loan at no cost. — 00:02:52 · Kiva
  • ★★ John hopes many Nerdfighters take the offer so the group grows and they discover the wonders of microfinance. (hedged) — 00:02:52 · microfinance, Nerdfighteria
  • ★★ John says a Nerdfighter on tour gave him a homemade stuffed honey badger, and his son a child of the brothers has become obsessed with it, asking of everything what sound it makes and what it eats. — 00:02:52 · Tour de Nerdfighting
  • ★★ John told a child of the brothers that if you hear a honey badger it's too late and that honey badgers eat everything, so a child of the brothers now blames Honey Badger for the lost remote and the dinosaurs. (playful) — 00:03:21
  • ★★ Asked why the universe has no edge, a child of the brothers answers as John expected: Honey Badger ate the edge. (playful) — 00:03:21

Humor (significant)

  • John reports the Foundation to Decrease World Suck had more than $9,000 at the end of last quarter. — 00:00:30 > «today, we have, like, $30 in our coffers, which represents a tremendous success»
  • John announces the Kiva group has over 9,000 members and waits for a reaction to the meme. — 00:02:23 > «Is that meme too old and that joke too subtle? Sorry.»
  • After a child of the brothers's Honey Badger eats remotes and dinosaurs, John asks him why the universe has no edge. — 00:03:21 > «That's right, Hank. Honey Badger ate the edge.»
  • Told that honey badgers eat everything, a child of the brothers applies it to the extinction of the dinosaurs. — 00:03:21 > «Honey Badger, eat dinosaurs!»

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