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The propagation time around the feedback loop is still (length of loop) / (speed of light*slowdown constant), so yes, "at the speed of light".



This is absolutely not true, the speed of analog circuits is (by a significant margin) determined by parasitic capacitance, inductance, and resistance of the components. To put numbers to it, a typical high performance analog multiplier might have a loop length of 1cm for the feedback path. This circuit should theoretically operate at 30GHz, but realistically such circuits operate with a bandwidth measured in megahertz.




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