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One of Deutsch's distributed computing fallacies is that latency is zero -- messages arrive the moment you send them. In practice, it takes a bit of time for your message to get through your firewall to your ISP's router, onto the backbone, to your recipient's ISP, through their firewall and to their host.

Much of the time, this won't matter. If your mail client is polling every five minutes, who cares if the packets containing your email took some fraction of a second to get to your mail server? On the other hand, if you're trying to do something on the net that requires precise synchronization, things can get hairy.

The Network Time Protocol keeps good time (to within about 1/100 of a second over the internet), but NTP relies on propagating accurate timing out from a small set of central servers. It doesn't try to keep everyone in sync with each other directly.

Depending on the circumstances, people can notice delays as low as 20-40 milliseconds. For example, a lag of 40 milliseconds between hitting a key and hearing a sound is enough for a musician to notice. Echoes become perceptible around 100ms and extremely distracting not long after.

Latency on a local network can be quite low, often just a few milliseconds. The round-trip time for pinging a major service can be in the teens and twenties. This is partly because the major providers replicate their servers so that you're generally talking to a server close to you.

For example, I pinged www.google.com.au (Google Australia) and got a round-trip time of about 15ms. That's pretty impressive, given that I'm about 15,000km from the nearest point in Australia and light travels at 300,000km/s. That would give an absolute minimum time of 100ms for the 30,000km round-trip. However, the name www.google.com.au resolves (where I'm sitting) to a server in Mountain View, CA. That's fair game, as long as the Mountain View server looks enough like the "real" one Down Under.

However, if I try to ping the Australian Broadcasting Company (which probably has little reason to put a duplicate server in my neighborhood), I get a more believable time of 200ms or so. Depending on circumstances, that much delay can cause problems. For example, a badly placed speaker phone in a conference call between Oz and the US can render conversation nearly impossible.

As it turns out, most of the populated world has water directly opposite on the globe, but there are a few extreme cases, such as Hamilton, New Zealand and Córdoba, Spain. There are also plenty of less extreme cases, whether Europe/Australia, California/India or what-have-you, where even the best case may introduce noticeable delays.

The high-order bit here is that some level of humanly perceptible latency is likely to be with us, in particular situations, no matter how fast the hardware gets. Moore's law can make the pipes bigger and the processors faster, but it will do nothing to increase the speed of light.