[formerly_proven]

Every subsystem goes "ah buffering for a few ms or a frame doesn't hurt anybody" and in the end you have click-to-photon latencies of 150+ ms.

This starts with incorrect debouncing in input devices (which can cause 10+ ms delay on its own even in dedicated "gaming" hardware!), slow/inefficent poll rates, wrong input handling in games (many still seem to receive input on the "main" thread ticking along at the frame rate, which causes huge amounts of input lag at lower framerates and also clamps inputs to frametimes, which causes significant position errors), incorrect V-Sync implementation (like the broken "triple buffering" in D3D9-11 games, this should be a thing of the past nowadays), graphics drivers favoring throughput over latency as they are almost exclusively benchmarked on average fps (used to be that they could buffer up to 9 frames, or ~150 ms) etc.