It handling 1% of connections would assume that the network was the bottleneck. You are much more likely to use up the CPU, RAM, or other resources before hitt

It handling 1% of connections would assume that the network was the bottleneck. You are much more likely to use up the CPU, RAM, or other resources before hitting the maximum number of available sockets. In which case things are swapping or waiting for available CPU time and each individual requests becomes seconds or tens of seconds to get handled. For all intents and purposes, that machine is dead. As to your second point, I think you are right. I assume that is what the mega-supernode is: a network of machines who's resources are as high as can be to handle all of the connections and try to beat the bottlenecks.