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by RunSet 1304 days ago
A bit of a tangent but I have observed that whenever a networking record for bandwidth is broken it is typically by a nonprofit such as a university, but whenever a networking record for latency is broken it is more often than not by someone in the "fintech" industry developing a faster bag-passing mechanism.

It is clear to me that the disparity of latency creates islands of privilege. I mentioned this to someone in the industry once and they replied that what the layman perceives as parasitic middlemen actually provide valuable liquidity. When I asked whether they considered ticket-scalpers to likewise provide liquidity they claimed that was not at all the same thing.