I gave a link above. Anyway, skipping the third hop would decrease user anonymity, because you'd only need two relays to cooperate to identify the user and who

I gave a link above. Anyway, skipping the third hop would decrease user anonymity, because you'd only need two relays to cooperate to identify the user and who they're connecting to. Regular tor requires all three to cooperate. The proposal uses a rendezvous point instead of an exit node, but that shouldn't affect speed as far as I see.