The main cause of traffic wave is from someone stopping too abruptly, eg. if someone changes lane in tight traffic, he forces the other person to slow down too fast, which begins the wave.
If you allow more people to get in front of you in a smooth manner because you have given yourself a lot of distance, then there will be less 'cutting off' slow downs from the middle lane guys, which in turn causes less cutting offs in the right lane.
How much does it hurt over your entire commute to let even 100 cars in front of you? You'll be 500 meters later to your destination, what's that at 30kph...1 minute more? That's the worst case scenario. The normal case is you'll get there quicker because you've raised the average speed of the entire traffic wave.