That you're smart enough to train without either?
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I presume we are talking about a analog waveform here, so 'bit' could as easily be exchanged for 'slice', right?
I don't think so. A bit is usually represented by a wave being in one of two states, being "on" and "off" respectively. Think for a moment of going from "off" to "on", i.e. sending a 01 signal. Your wave goes from 0 amplitude to 1 amplitude, which is a discontinuous jump--or a non-analytic point. This jump contains the information about your signal and it's the thing that propagates at the signal velocity. In reality things can get more complicated if you want to determine on/off by sampling your signal at even time intervals. Then you could send "0000..." by just an unchanging wave of amplitude 0. Still, the signal velocity would be limited by c.