# Cryptso Casts | Apr 2024, Just Another Onchain Use Case

**Published by:** [Tso Thoughts](https://paragraph.com/@cryptso/)
**Published on:** 2024-05-09
**URL:** https://paragraph.com/@cryptso/use-case

## Content

Welcome to the Cryptso Casts newsletter! Every month, I curate my best thoughts, ideas, and observations on crypto and the industry at large.Real World Onchain Use CasesDavid Tso on Warpcast1/ I tried to send an angel check last week through my bank’s online wire transfer tool and got rejected because I’ve wired more than my weekly limit Had to call a human, answered like five security questions, then I had to recite the wire info to them twice, hold while they played me a recorded T&C message...FarcasterDavid Tso on Warpcast1/ Most merchants today pay 2-4% in fees to accept Visa or Mastercard, and you as the consumer are also taking on this fee in the form of higher prices With crypto, merchants can now accept instant $USDC payments with zero fees on @base, allowing them and you to save money on payment processingFarcasterDavid Tso on WarpcastIt’s 2024, and this is the state of payments across North America It’s time to update the system, it’s time to pay with $USDC on @base https://imagedelivery.net/BXluQx4ige9GuW0Ia56BHw/c98a6d4a-bd49-4145-3e35-35506c2fb700/originalFarcasterDavid Tso on WarpcastMerchants are fed up with 2-4% in fees to accept credit cards Paying with $USDC on @base is borderless, free, and instant https://imagedelivery.net/BXluQx4ige9GuW0Ia56BHw/9169d18b-c6bf-4c6f-5f7c-1ac42ea24900/originalFarcasterDavid Tso on WarpcastHad to visit the bank today to deposit a physical check since there’s a limit on mobile deposits They accepted my check but told me that the funds won’t be cleared for use until next week I’m so used to instant cross-border settlements with crypto that it took me a few minutes to register what had just happenedFarcasterDavid Tso on WarpcastThe traditional banking system that you and I use today is antiquated and filled with intermediaries taking cuts A simple bank transfer still runs on SWIFT, which was created in 1973, and if you want to send remittances internationally, the average fees are 6.18% Crypto is a faster, more efficient, and cheaper systemFarcasterEvent HighlightsDavid Tso on WarpcastIt was great attending the @linea Waypoint event last week to have a fireside chat about all things L2s I had a fun time meeting everyone 😄 https://youtu.be/GK2d8SPRenYFarcasterDavid Tso on WarpcastHad a great time at the /cornell Blockchain Conference 2024 gathering with fellow Cornellian builders and builders from across the industry! Kudos to the Cornell Blockchain team for working so hard to make this happen :) https://imagedelivery.net/BXluQx4ige9GuW0Ia56BHw/5d0440c6-c515-4c5b-0c14-23cdee37e900/original https://imagedelivery.net/BXluQx4ige9GuW0Ia56BHw/aee443a0-a8d0-44be-0441-9b9c0101bf00/originalFarcasterDavid Tso on WarpcastBattle of the Infrastructure Panel | /cornell Blockchain Conference 2024 Featuring: Luigi DeMeo at /avalanche Jon Wong at /solana Jack Melnick at /polygon https://youtu.be/i8MrV5552ZA?si=g9aFN0TcwVENnLe6FarcasterCasts of the MonthDavid Tso on Warpcast❌ dapps ✅ onchain appsFarcasterDavid Tso on Warpcast🧠 mint anything onchain 🌌 mint everything onchainFarcasterDavid Tso on Warpcast1/ Community tokens like $DEGEN and $BONSAI open up a wide range of ways to create and share value with an ecosystem This is powerful because it enables new types of users, applications, and experiences, to live and grow onchain https://x.com/socialgraphvc/status/1776312937805656277?s=46&t=WH1NEB3O4jfMt861gchHvAFarcasterDavid Tso on WarpcastMemecoins are the ICOs and NFTs of this cycle, but better: - They are more honest than ICOs - They are more democratic than NFTs Memecoins are the captain nowFarcasterDavid Tso on Warpcast2017: ICOs 2021: NFTs 2024: MemecoinsFarcasterDavid Tso on WarpcastOnchain = more empowered creators, merchants, and consumersFarcasterDavid Tso on WarpcastHong Kong approves spot Bitcoin and Ethereum ETF application 🇭🇰 https://www.theblock.co/post/288237/hong-kong-approves-first-batch-of-spot-bitcoin-ether-etfs-in-drive-to-become-crypto-hubFarcasterDavid Tso on Warpcast$100B+ is about to flow in crypto from China via Hong Kong The bull market is just getting started...FarcasterDavid Tso on WarpcastConsumer social should be onchain Just like how you are sovereign in your physical identity, you should also be sovereign in your digital identityFarcasterDavid Tso on WarpcastNothing needs to be onchain, just like how brands don’t need to be online But if you believe in a future where onchain ownership becomes as important as online presence, then that thing should definitely be onchainFarcasterDavid Tso on WarpcastL2 = AWS EC2 L3 = your own data centerFarcasterDavid Tso on WarpcastIn the future, no user will ever need to touch Ethereum L1 to enter the onchain cryptoeconomy There will be hundreds of generalized L2s with direct CEX integrations and thousands of specialized L3s that are world-class consumer experiencesFarcasterDavid Tso on WarpcastHappy 4th Bitcoin halving! 🎉FarcasterDavid Tso on WarpcastA common trend I’ve noticed these days is that once users get onchain with their wallets and start minting, trading, and experiencing what’s here, it’s really hard to leave If we can get everyone onchain once and focus on making it easy and safe for them, they’ll naturally find things that are exciting to themFarcasterDavid Tso on WarpcastCrypto never left https://x.com/collision/status/1783559623511011535?s=46&t=WH1NEB3O4jfMt861gchHvAFarcasterDavid Tso on WarpcastStreaming is an under-explored design space of onchain social e.g. @unlonely, sanko.tvFarcasterDavid Tso on WarpcastOnchain ownership is so important for brands, creators, and consumers It’s the wedge for a much larger vision around co-creation, new commerce primitives, better incentive models, revenue share, and moreFarcasterDavid Tso on WarpcastZora mints work so well because they let anyone who was there at the time for /azuki x /arbitrum, /coinbasewallet adding /zora, /friendtech v2 launch week, @zachxbt’s investigation into Lazarus Group, etc. get a free commemorative NFT Then in due course value reveals itselfFarcasterDavid Tso on WarpcastMint the momentFarcasterDavid Tso on WarpcastWe need to stop handwringing and seeing crypto as some niche thing that needs to go mainstream Crypto is already mainstream, and it is here to stayFarcasterConsumer Apps I LikedDavid Tso on WarpcastPlatform for onchain-native events https://littleatlas.xyz/FarcasterDavid Tso on WarpcastFacebook events for Farcaster https://events.xyz/FarcasterDavid Tso on WarpcastBuild authentic relationships with your audience and earn via digital collectibles https://solarplex.xyzFarcasterDavid Tso on WarpcastPredict price moves and win rewards https://drawthechart.com/FarcasterDavid Tso on WarpcastOnchain focus app to help you spend less time on your phone https://www.focustree.app/FarcasterDavid Tso on WarpcastSocial surveys for Farcaster https://www.weponder.io/FarcasterDavid Tso on WarpcastFind out your onchain reputation https://nomis.cc/FarcasterDavid Tso on WarpcastThe easiest way to build on Farcaster https://neynar.com/FarcasterDavid Tso on WarpcastA social account abstraction wallet https://timelesswallet.xyz/FarcasterDavid Tso on Warpcast(creator, fans) https://earlyfans.xyz/FarcasterInfrastructure UpdatesDavid Tso on WarpcastLong live the blobs! https://i.imgur.com/KM3NRFx.jpg https://i.imgur.com/gumfSz7.jpgFarcasterDavid Tso on WarpcastCustom opcodes, instructions, and gas tokens for the EVM Incredible work from the Reth team https://www.paradigm.xyz/2024/04/reth-alphanetFarcasterDavid Tso on WarpcastThe first to become a Stage 1 rollup with fraud proofs and now almost the first to become a Stage 2 rollup with permissionless validation Completely decentralized and permissionless rollups will be a reality soon via /arbitrum https://docs.arbitrum.io/bold/bold-gentle-introductionFarcasterDavid Tso on WarpcastProof-of-Humanness (PoH) ⚪ https://worldcoin.org/blog/announcements/introducing-world-chainFarcasterDavid Tso on WarpcastRollups are not a point-in-time snapshot of a framework, they require continuous maintenance, hardening, and improvements @conduit successfully upgraded the first Orbit L2 to post blobs on Ethereum https://imagedelivery.net/BXluQx4ige9GuW0Ia56BHw/e9fdc889-826e-472a-2ff5-636371ec3f00/originalFarcasterAnd that’s my monthly roundup! Subscribe for free to receive new posts and follow me to stay in the loop.Follow Cryptso

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