Magnus Klaar's rate limiter code from etorrent
Erlang Makefile
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Rate limitation

Rlimit is a rate limitation system which keeps track of rates for underlying processes. Its main use is inside the etorrent application for rate limiting the upstream so you don't overrun a slow line.

It implements a delay RED regulator on top of a Token Bucket Regulator, so when the rate limit is approached, the chance of a delay to happen becomes gradually higher and higher.