Rafa Jiménez

Software Engineer. Co-founder of @handcashapp · $rjseibane

[Alex Agut @apagut]

If you worked on BSV and you've got a small business or a startup today,

I want you to be one of the first to use something I've built 👀 - not payment related, though.

Closed beta starts this Friday.

Free for a month.

DM me.

If you've ever used HandCash help me with a RT🙏

[Rafa Jiménez @_rafa_js]

I love it

"No pure managers: Every leader at Coinbase must also be a strong and active individual contributor. Managers should be like player-coaches, getting their hands dirty alongside their teams."

[Brian Armstrong @brian_armstrong]

This is an email I sent earlier today to all employees at Coinbase:

Team,

Today I’ve made the difficult decision to reduce the size of Coinbase by ~14%. I want to walk you through why we're doing this now, what it means for those affected, and how this positions us for the future.

Why now
Two forces are converging at the same time. We need to be front footed to respond to both.

First, the market. Coinbase is well-capitalized, has diversified revenue streams, and is well-positioned to weather any storm. Crypto is also on the verge of the next wave of adoption, with stablecoins, prediction markets, tokenization, and more taking off. However, our business is still volatile from quarter to quarter. While we've managed through that cyclicality many times before and come out stronger on the other side, we’re currently in a down market and need to adjust our cost structure now so that we emerge from this period leaner, faster, and more efficient for our next phase of growth.

Second, AI is changing how we work. Over the past year, I’ve watched engineers use AI to ship in days what used to take a team weeks. Non-technical teams are now shipping production code and many of our workflows are being automated. The pace of what's possible with a small, focused team has changed dramatically, and it's accelerating every day.

All of this has led us to an inflection point, not just for Coinbase, but for every company. The biggest risk now is not taking action. We are adjusting early and deliberately to rebuild Coinbase to be lean, fast, and AI-native. We need to return to the speed and focus of our startup founding, with AI at our core.

What this means
To get there, we are not just reducing headcount and cutting costs, we’re fundamentally changing how we operate: rebuilding Coinbase as an intelligence, with humans around the edge aligning it. What does this mean in practice?

- Fewer layers, faster decisions: We are flattening our org structure to 5 layers max below CEO/COO. Layers slow things down and create coordination tax. The future is small, high context teams that can move quickly. Leaders will own much more, with as many as 15+ direct reports. Fewer layers also means a leaner cost structure that is built to perform through all market cycles.

- No pure managers: Every leader at Coinbase must also be a strong and active individual contributor. Managers should be like player-coaches, getting their hands dirty alongside their teams.

- AI-native pods: We’ll be concentrating around AI-native talent who can manage fleets of agents to drive outsized impact. We’ll also be experimenting with reduced pod sizes, including “one person teams” with engineers, designers, and product managers all in one role.

In short: AI is bringing a profound shift in how companies operate, and we’re reshaping Coinbase to lead in this new era. This is a new way of working, and we need to leverage AI across every facet of our jobs.

To those who are affected
I know there are real people behind these decisions — talented colleagues who have poured themselves into this company and our mission. To those of you who will be leaving: thank you. You’ve helped build Coinbase into what it is today, and I am sincerely grateful for everything you've done.

All impacted team members will receive an email to their personal account in the next hour with more information, and an invitation to meet with an HRBP and a senior leader in your organization. Coinbase system access has been removed today. I know this feels sudden and harsh, but it is the only responsible choice given our duty to protect customer information.

To those affected, we will be providing a comprehensive package to support you through this transition. US employees will receive a minimum of 16 weeks base pay (plus 2 weeks per year worked), their next equity vest, and 6 months of COBRA. Employees on a work visa will get extra transition support. Those outside of the US will receive similar support, based on local factors and subject to any consultation requirements.

Coinbase prides itself on talent density. Our employees are among the most talented people in the world, and I have no doubt that your skills and experience will be highly sought after as you pursue your next chapters.

How we move forward
To the team that is staying, I know this is a difficult day. We’re saying goodbye to colleagues and friends you've been in the trenches with. But here’s what I want you to know as we move forward together:

Over the past 13 years, we have weathered four crypto winters, gone public, and built the most trusted platform in our industry. We’ve made it this far by making hard decisions and by always staying focused on our mission. This time will be no different – nothing has changed about the long term outlook of our company or industry. And most importantly, our mission has never been more important for the world. Increasing economic freedom requires a new financial system, and we’re building it.

The Coinbase that emerges from this will be more capable than ever to achieve our mission.

Brian

[Rafa Jiménez @_rafa_js]

@BtcAndres No es falacia de autoridad. Es la visión del creador.

Es fundamental entender su motivación y contexto detrás de ello.

[Rafa Jiménez @_rafa_js]

@ProjectBabbage "Future wallets need to store both the keys and the tx history LOCALLY. And yes, this is more complex, but real ownership is never effortless."

While I agree with the statement philosophically, I see a HUGE problem with that for any decent adoption of the technology.

[Rafa Jiménez @_rafa_js]

@DotCSV Sorra

[Rafa Jiménez @_rafa_js]

@kurtwuckertjr This

[Rafa Jiménez @_rafa_js]

@eduardomenoni La religión es aquello que determina en qué creen los humanos y cómo cooperan entre sí. Ese huevo siempre lo ocupará algo.

No piensen que solo el cristianismo o el islam son religiones. Comunismo o ciencia también lo son.

La religión es el motivo por el que nace la agricultura!

[Rafa Jiménez @_rafa_js]

@marcvidal El paper está muy bien. Aunque luego BTC no ha seguido la idea de Satoshi 😅

[Rafa Jiménez @_rafa_js]

@marclou Did you get the idea from them? 🤣

[Rafa Jiménez @_rafa_js]

@alfredobs97 @FlutterNL @Firebase @getstream_io @GoogleDevExpert Qué guapo tío! Te acuerdas de cuando montamos el chat con eso?

[Rafa Jiménez @_rafa_js]

@mike_onpurpose @StevenCravotta That's a great question!

However, if the product is not marketable, you won't reach that audience, or you won't be able to communicate the value effectively.

[BSV Association @BSVAssociation]

1/3 CODE SHARE 💻 If you're looking to start building transactions on BSV, Rafa Jiminez, co-founder of Handcash shared a helpful tip to get you started, no low-level Bitcoin knowledge required.

@_rafa_js // @handcashapp

[BSV Association @BSVAssociation]

1/6 We spoke with Rafa Jiminez, co-founder of HandCash about the future of tokenisation and blockchain's role within it. Here's what we learned:​

@_rafa_js // @handcashapp

[Rafa Jiménez @_rafa_js]

@Sebastian_SLW @BSVAssociation @handcashapp We were ready years ago!

[Rafa Jiménez @_rafa_js]

@dxsapparm 1000%

[Rafa Jiménez @_rafa_js]

@CasaresOn @RAWAIcruda Si pagas 300 francos al mes + 2000 de franquicia al año, me salen esos números.

Saludos desde Suiza.

[Rafa Jiménez @_rafa_js]

@nondualrandy Based

[BSV Association @BSVAssociation]

1/5 BUILT ON BSV: @handcashapp removes the complexity of blockchain for devs and users alike. No keys, no wallets, no friction. Just fast, secure digital interactions with a simple handle.​
@handcashapp // @_rafa_js

[Rafa Jiménez @_rafa_js]

@textbitcoin @apagut Life is simple

[Rafa Jiménez @_rafa_js]

Tapas + Blockchain.

What else do you want?

[BSV Association @BSVAssociation]

Experts in #BSVblockchain have partnered with
@unicomplutense Madrid (UCM), supported by @handcashapp and Resguardar, to offer two hands-on Spanish summer courses.​

Enrolment is open and spaces are limited – secure your place now and join Rafael Jiminez Seibane alongside BSVA's Axel Maisonneuve, Carlos Blasco Bueno, Eva Porras, PhD, and Managing Director Ásgeir Thór Óskarsson.

Introduction to Blockchain Technology: Bitcoin, Altcoins - Their Cross-Cutting Utility and Use Cases in Productive Sectors​

▪️July 22 | Madrid​
📍Find out more about the course, available scholarships & how to enrol now: https://t.co/jQOSsGBs9K

Blockchain Gamification, Economy Building, Smart Contracts and Tokenised Assets on BSV​

▪️July 23-25 | Madrid​
📍Find out more about the course, available scholarships & how to enrol now: https://t.co/D4k2BXZ0cZ

#BlockchainCareers #BSV #BlockchainEducation #Tokenisation #BSVAssociation