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Yes, you are probably right about the throughput. The latency problems are very valid though, and make websites seem remarkably slower.

I live in Australia at the end of a very long trans-pac pipe, and properly configured CDNs make a huge difference. A great example is how a few cheap ISPs here route based on price, not latency. That meant that when Amazon opened their Singapore dataceter a visitor from Australia (using one of these ISPs) could be routed via the US West Coast.



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