I am sitting in my 'library' reading your posts on my smart phone. As I look at the sink, shower and toilet I can describe bypass caps by water pipe theory.
If I get a drink, the water comes from a 1/4" pipe that runs runs from the far end of the house. Then from a 1" pipe that runs 1/4 mile to the road, turns and runs 1/2 mile to a larger pipe for 3 miles to a large tank then 5 miles to a pumping station.....This is good for getting a drink of water.
When I flush the toilet I need a rush of water that will fill a 2 inch pipe for 4 seconds. I can not get this amount of water from a 1/4 inch pipe. Right behind me is a 2 gallon tank with enough water to fill the 2 inch pipe and do the job. Then slowly the tank will fill. If I flush 10,000 times the big tank miles away will empty and the pumps will start up.
You micro computer (load) might switch from little power to full power in 1nS. 1/1,000,000,000 The power supply can not respond to that. It needs 1/1,000 second. The wires have a delay. Some where you need to store energy to fill in the difference in time. Use a small capacitor at each load point and a large capacitor at (in) the power supply.