Pete Kim Profile picture
Creator @CoinbaseWallet @CipherBrowser, Eng Lead $USDC. Advising @0xPolygonLabs @Family @Tribes_xyz. Previously @Coinbase, Starting something. NFA/DYOR.
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May 25, 2022 8 tweets 2 min read
1/ Several smart contract wallet startups (@argentHQ and @AmbireWallet) created tweet threads "debunking" my claims about a smart contract wallet vs a MPC wallet. Well, are you finished? Oh.

🧵Allow me to retort.⬇️ 2/ Cost: It costs a non-trivial amount of money to deploy a smart contract wallet. Even the most minimal contract costs ~$5-15 to deploy today [1], even after gas prices have come down so much due to the bear market.

[1] EIP-1167 proxy contract, 70k gas, 30-100Gwei, 1 ETH = $2k
May 18, 2022 21 tweets 8 min read
1/ Earlier this week, @coinbase launched a web3 browser built directly into its main mobile app, powered by MPC tech that eliminates the need for you to manage your own keys.

🧵🧵🧵Here's why it's a big deal. ⬇️⬇️⬇️ 2/ @coinbase already provides a way for you to explore web3 via our self-custody wallet, @CoinbaseWallet. I am a huge fan of self-custody (non-custodial) wallets. In fact, that's why I am at Coinbase—my web3 wallet startup @CipherBrowser was acquired by Coinbase in 2018.
Apr 16, 2021 24 tweets 15 min read
1/ How I ended up at @Coinbase, a tweetstorm: Yesterday was an incredibly memorable, emotional, and thankful day. $COIN 💎🙌 Back in 2017, I was working on a mobile DApp/Web3 browser and wallet called @CipherBrowser. 2/ Why did I think that a mobile DApp browser/wallet is important? I grew up in Asia. Singapore. It's great. It's a very modern country, but it is also surrounded by many less-affluent developing countries. The contrast is very strong and Singapore has lots of migrant workers.