Share this page!

Anthony Lee Zhang Profile picture
Twitter logo
23 Jun, 5 tweets, 1 min read
So.. venmo costs money now? Image
1.9% for sellers seems kind of insane?? That's like not much better than credit cards!
Blockchain is obviously still a generally stupid medium for transactions AFAIK, but it makes a lot more sense once you realize how hilariously awful the US payments, etc infra is. Imagine paying 3% for any transaction at any merchant ever
An incumbent enters and offers free payments, before they even have nontrivial market share of merchant payments they raise to 2%
*entrant not incumbent

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Anthony Lee Zhang

Anthony Lee Zhang Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @AnthonyLeeZhang

Anthony Lee Zhang Profile picture
25 Jun
Here we go...
Imagine a world in which large % of El Salvador prices are actually posted in BTC. Tradable goods would fluctuate between stupid cheap or expensive depending on BTC prices
Suppose you build a car in US and want to sell it for $30k USD in El Salvador. You set the price at 1 BTC. Your offer effectively functions as an outstanding BTC put. At any point in time, buyers can "sell" you one BTC for a car. BTC goes down and you are out a lot of cars!
Read 14 tweets
Anthony Lee Zhang Profile picture
25 Jun
This. On the bright side: while intl students face a strong language barrier, I think they mistakenly assume there is also an insurmountable _culture_ and institutional details barrier, which I think is a bit smaller than it first seems.
I've found intl students tend to shy away from subfields which are very institutional-details heavy, and towards technical subjects not requiring much details. I think partly because they assume American/Western students know all the institutional details
Details like, how does the US healthcare/tax/electricity/financial etc systems work. The advantage here is actually IMO fairly small. The median international student knows ~0 about these things, but so does the median American college graduate!
Read 4 tweets
Anthony Lee Zhang Profile picture
24 Jun
My paper with @glenweyl on "Depreciating Licenses" is now conditionally accepted at AEJ policy! Abstract and paper link here

anthonyleezhang.github.io/pdfs/dl.pdf Image
Here's a thread I wrote a about the paper a while back. The new version has some new results on revenue, some more numerical simulations, and is slightly streamlined, but otherwise is pretty similar

And here's the first github commit on the project, from almost exactly 6 years ago. ~5 total rewrites later, it's good to be finally done! Image
Read 4 tweets
Anthony Lee Zhang Profile picture
22 Jun
There is a surprisingly simple "hack" to doing well in college classes, even fairly hard ones. Say you want to do well in intermediate physics, chemistry, math, etc. Just find every textbook written about your subject, read and do/figure out the answers to all the questions
This works in my experience because it's pretty rare for faculty to come up with test questions literally out of nowhere: often they're taken from other books. Even if they are "new" someone's often come up with the same thing before and it's in a book somewhere
There are realistically only so many good test questions one can ask about intermediate physics, and it's entirely possible (though tedious) to get through most of them
Read 12 tweets
Anthony Lee Zhang Profile picture
20 Jun
Automated market makers seem like a good tool for videogame economies. Say there is an in-game resource called, ruby, or something. NPC shopkeepers could deterministically set a price for rubies based on current inventory: lower inventory, higher prices
A few benefits of this:

- The NPC shopkeeper actually keeps a book and makes a profit, which could enable some interesting in-game behaviors (let's bankrupt the shopkeeper!)
- For resources that have stable/quickly mean-reverting in-game value the shopkeeper basically steadily profits from bid-ask spreads, like stablecoin pair market making
Read 6 tweets
Anthony Lee Zhang Profile picture
11 Jun
So I randomly got a text from an unknown number to join a whatsapp crypto trading group
The goal of the group seems to be to "analyze the BTC and ETH markets" jointly...? and make money?
I thought the group was about making money, but there is a bunch of weird talk about reincarnation
Read 16 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @AnthonyLeeZhang has new unrolls!

Check out other threads from @AnthonyLeeZhang!

Read all threads by @AnthonyLeeZhang

:(