even if yuor breathing twice as fast, you will end up with the same amount of gs in your longs averaged over the a time period.
Here is a time scale:
(0) Walter starts inhailing, (0)You start inhailing
(1/2)Walters lungs are 1/2 inhailed, (1)Yours are full and start exhaling
(1)Walters lungs are full and starts exhaling, (0)Yours are empty and start inhaling
(1/2)Walters lungs are 1/2 exhaled, (1)Yours are full
(0)Both empty(0)
Total for both is 2.
Logic is funny that way. Twice the gas passed though your lungs, but over time you had the same amount in them.
Back to the original question.
The body tisues absorb nitrogen carried by blood. The blood is a liqud which picks up gas from the lungs and carries it in solution to the body. Nitrogen saturates into blood very, very quickly, which is why we get bent at all. To much nitrogen, to fast. Blood gets supersaturated and starts to form bubbles.
Solubility of nitrogen into the blood is controlled by 2 factors.
The solubility of a gas in a liquid depends directly upon its partial pressure and inversely upon the temperature of the solvent. The temperature in the human body is basicaly constant, so we can ignore it here. (Henry's Law)
The other factor to this is how little nitrogen we are talking about. Aproximatly 1.5liters of the stuff to completely saturate at each ATM. A normal adult lung can holds 4-6liters of gas, 80% of which is nitrogen (air) and always has 1-2liters of gas, even after a full exhale.
So, we have 4-5 times enough nitrogen to kill us in ONE breath.
Quantity is not the problem.