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Explore techniques for optimizing web application performance through continuous introspection in this 52-minute EuroPython 2012 conference talk by Nicolas Venegas. Dive into the concept of "wasted cycles" on platforms like Bitbucket and examine the consequences of slowness in web apps. Learn about tools such as dogslow and django-geordi for identifying performance bottlenecks. Discover strategies for implementing nested timeouts and gain insights into maintaining healthy web applications through proactive monitoring and analysis.