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BitTorrent Pirates Won’t Receive ISP Warnings (It Will Be Something Worse)
(torrentfreak.com)
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The speeds are as fast (or slow) as the slowest member in the chain. If most people who participate have slow connections, then most of the times it'll be slow. But if the majority uses fast connections, then most chains/tunnels will be fast.
Again, it's a chicken and egg problem: people who want fast downloads (and thus have fast pipes) won't participate because it's slow, but in doing so, they miss a chance to be part of the solution.