This peripheral computational power is great but it makes things very unruly and ruins intuitions about how the population of these things works together, how the brain might get this information out in any realistic way, and what its all good for.
This paper is a theoretical account of some possibilities along these lines that is very focused on coincidence detection across neurons at various timescales. Of course whether the brain actually does these things is another story we need/want/will to tackle.
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