It's probably possible, somehow.
I can't think of a way - though maybe a click track would help - that gets rid of at least one player playing ahead of schedule. I'm also sure a musician could learn to play like that, as I made some adjustments to my timing to play with the lag accounted for.
I don't know as this will help, but it may spark an idea:
https://www.techwalla.com/articles/how-to-fix-a-mic-delay-on-audacity
I'll save the link to my ideas file. When I do finally get around to trying it I'm sure it'll help. Algebraic TCP might help but thats a ways off before it comes to the general public, at least thats how it seems. In order to even try to found a site like that I would have to be able to actually play and know when my timing was off and the site wasn't working correctly. Even more motivation to learn. However my years of playing music simulators should help with timing at least. I was a big DDR/Stepmania/Guitar Hero player for a good while there.
My guess is that latency will eventually reach the point where the effect is negligible - as light moves pretty quickly and more fiber continues to roll out. I'm not sure if it can ever be eliminated though I suspect it can be reduced significantly.
between fiber and algebraic tcp I think it could become almost unnoticable
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