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 Cases [**David Tso on Warpcast** \ 1/ 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...\ \ Farcaster\ \ [**David Tso on Warpcast** \ 1/ 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 processing\ \ Farcaster\ \ [**David Tso on Warpcast** \ It’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/original\ \ Farcaster\ \ [**David Tso on Warpcast** \ Merchants 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/original\ \ Farcaster\ \ [**David Tso on Warpcast** \ Had 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 happened\ \ Farcaster\ \ [**David Tso on Warpcast** \ The 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 system\ \ Farcaster\ \ * * * ### Event Highlights [**David Tso on Warpcast** \ It 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/GK2d8SPRenY\ \ Farcaster\ \ [**David Tso on Warpcast** \ Had 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/original\ \ Farcaster\ \ [**David Tso on Warpcast** \ Battle 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=g9aFN0TcwVENnLe6\ \ Farcaster\ \ * * * ### Casts of the Month [**David Tso on Warpcast** \ ❌ dapps\ \ ✅ onchain apps\ \ Farcaster\ \ [**David Tso on Warpcast** \ 🧠 mint anything onchain\ \ 🌌 mint everything onchain\ \ Farcaster\ \ [**David Tso on Warpcast** \ 1/ 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=WH1NEB3O4jfMt861gchHvA\ \ Farcaster\ \ [**David Tso on Warpcast** \ Memecoins 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 now\ \ Farcaster\ \ [**David Tso on Warpcast** \ 2017: ICOs\ \ 2021: NFTs\ \ 2024: Memecoins\ \ Farcaster\ \ [**David Tso on Warpcast** \ Onchain = more empowered creators, merchants, and consumers\ \ Farcaster\ \ [**David Tso on Warpcast** \ Hong 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-hub\ \ Farcaster\ \ [**David Tso on Warpcast** \ $100B+ is about to flow in crypto from China via Hong Kong\ \ The bull market is just getting started...\ \ Farcaster\ \ [**David Tso on Warpcast** \ Consumer social should be onchain\ \ Just like how you are sovereign in your physical identity, you should also be sovereign in your digital identity\ \ Farcaster\ \ [**David Tso on Warpcast** \ Nothing 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 onchain\ \ Farcaster\ \ [**David Tso on Warpcast** \ L2 = AWS EC2\ \ L3 = your own data center\ \ Farcaster\ \ [**David Tso on Warpcast** \ In 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 experiences\ \ Farcaster\ \ [**David Tso on Warpcast** \ Happy 4th Bitcoin halving! 🎉\ \ Farcaster\ \ [**David Tso on Warpcast** \ A 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 them\ \ Farcaster\ \ [**David Tso on Warpcast** \ Crypto never left https://x.com/collision/status/1783559623511011535?s=46&t=WH1NEB3O4jfMt861gchHvA\ \ Farcaster\ \ [**David Tso on Warpcast** \ Streaming is an under-explored design space of onchain social\ \ e.g. @unlonely, sanko.tv\ \ Farcaster\ \ [**David Tso on Warpcast** \ Onchain 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 more\ \ Farcaster\ \ [**David Tso on Warpcast** \ Zora 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 itself\ \ Farcaster\ \ [**David Tso on Warpcast** \ Mint the moment\ \ Farcaster\ \ [**David Tso on Warpcast** \ We 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 stay\ \ Farcaster\ \ * * * ### Consumer Apps I Liked [**David Tso on Warpcast** \ Platform for onchain-native events https://littleatlas.xyz/\ \ Farcaster\ \ [**David Tso on Warpcast** \ Facebook events for Farcaster https://events.xyz/\ \ Farcaster\ \ [**David Tso on Warpcast** \ Build authentic relationships with your audience and earn via digital collectibles https://solarplex.xyz\ \ Farcaster\ \ [**David Tso on Warpcast** \ Predict price moves and win rewards https://drawthechart.com/\ \ Farcaster\ \ [**David Tso on Warpcast** \ Onchain focus app to help you spend less time on your phone https://www.focustree.app/\ \ Farcaster\ \ [**David Tso on Warpcast** \ Social surveys for Farcaster https://www.weponder.io/\ \ Farcaster\ \ [**David Tso on Warpcast** \ Find out your onchain reputation https://nomis.cc/\ \ Farcaster\ \ [**David Tso on Warpcast** \ The easiest way to build on Farcaster https://neynar.com/\ \ Farcaster\ \ [**David Tso on Warpcast** \ A social account abstraction wallet https://timelesswallet.xyz/\ \ Farcaster\ \ [**David Tso on Warpcast**\ \ (creator, fans) https://earlyfans.xyz/\ \ Farcaster\ \ * * * ### Infrastructure Updates [**David Tso on Warpcast** \ Long live the blobs! https://i.imgur.com/KM3NRFx.jpg https://i.imgur.com/gumfSz7.jpg\ \ Farcaster\ \ [**David Tso on Warpcast** \ Custom opcodes, instructions, and gas tokens for the EVM\ \ Incredible work from the Reth team https://www.paradigm.xyz/2024/04/reth-alphanet\ \ Farcaster\ \ [**David Tso on Warpcast** \ The 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-introduction\ \ Farcaster\ \ [**David Tso on Warpcast** \ Proof-of-Humanness (PoH) ⚪ https://worldcoin.org/blog/announcements/introducing-world-chain\ \ Farcaster\ \ [**David Tso on Warpcast** \ Rollups 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/original\ \ Farcaster\ \ * * * And that’s my monthly roundup! 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