I think the 20 second rule is implemented for anti-bot reasons. Can you imagine bots running free on steemit, that would really make things even worse. Also I believe this incentivizes a better communication.
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Right but let's say for example that I have 1000 SP. If I really wanted, I could delegate that to 200 different accounts, and then effectively comment 10 times per second using a bot, at least until they hit their bandwidth limit. The question is, why shouldn't I just be able to use my 1000 SP account and comment 10 times per second until I hit my bandwidth limit?