Մելիք Մանուկյան Profile picture
Oct 1, 2018 5 tweets 1 min read
The total size of the Internet, give or take a few MB. This includes IPv4 and IPv6.

sh ip bgp ipv4 uni sum | i total bytes
BGP using 205560814 total bytes of memory

sh ip bgp ipv6 uni sum | i total bytes
BGP using 69169288 total bytes of memory

~275MB. Big blocks are nonsensical. Scaling on-chain is nonsensical. Blockchain (as a communication medium) is nonsensical.
Sep 6, 2018 11 tweets 3 min read
1)I am seeing an increasing number of people under the impression that #lightning as an overlay bridge network for #blockchains (via atomic swaps) is a great thing for alts.

And they can not be more wrong.

In reality, Lightning is where #altcoins will come in droves only to die 2) At the moment, all blockchains are entirely segregated from one another. The only real bridge that exists today are exchanges which are largely inefficient with enormous amounts of friction, ie. registration, KYC/AML, confirmation wait times for deposits/withdrawals, etc.
Aug 26, 2018 7 tweets 2 min read
1) The narrative, promise, and objective of #blockchain has been skewed and altered into some Frankenstein clusterfuck. I see so many clueless people talking about competition, applications, tx throughput, speed, governance. When did this space derail and spiral out of control? 2) The purpose of a blockchain is to recreate objective truth or reality and the *only* way we can achieve this is when its security exceeds any one person's ability to alter its records or censor future ones. Therefore, the *only* application of a blockchain is security.
Mar 6, 2018 7 tweets 1 min read
Over time, I’m open to it. But right now, it’s a farfetched grandiose idea.

Bitcoin is largely the only real and/or practical application right now. Everything else is snakeoil to me. And I’ll explain. The thing about asset ownership such as real estate for example is that it exists exclusively in the physical world and adheres to the physical world’s laws and security principles.

Let’s say you have a tokenized deed on some decentralized ledger, then what?