Grimble said:
Two observers, A & B, each with standard clocks are traveling at 0.866c relative to one another, then each will read the others clock as running at half the speed of their own (lorentz factor 2)
If a neutral observer, C, is permanently mid-way between them then each will me moving at 0.433c (lorentz factor 1.1) and their clocks will each, therefore, be running at 0.9 the rate of the neutral observers clock.
So clocks, A & B, are running at the same rate as measured by C, yet each is running at half the rate of the other when measured by that other.
As has been noted before, the observer C would not be traveling at ##\sqrt{3}c/4## because velocities do not add linearly in a relativistic universe. It turns out that, if A is stationary in some frame in which B is approaching at ##\sqrt{3}c/2##, then the observer C must be approaching A at ##c/\sqrt{3}## so that in C's rest frame, both A and B are approaching at the same speed in opposite directions.
So, here is a Minkowski diagram of that setup, as seen by C:
Apologies for the lack of labelling. A Minkowski diagram is basically a displacement-time graph, except that time runs vertically upwards and x position is shown horizontally. The vertical gridlines are one light second apart; the horizontal ones are one second apart.
The world-line of C is the purple line right up the middle. C is at rest in this frame, so the x position never changes. It starts at the origin at time zero (marked by a solid purple square) and stays right there.
The world-line of A is represented by the red line. It starts at x=-8ls at time zero (marked by a solid red square), and moves with velocity ##c/\sqrt{3}## - so as time goes on (up the page) it gets closer to C, and eventually meets at the top of the diagram.
The world-line of B is in blue, and is a mirror image of the world-line of A. It starts at x=8ls and moves with velocity ##-c/\sqrt{3}## and reaches C at the same time as A does.
As you noted, the situation is symmetrical as viewed from his frame. I've also added markers to each line showing when, according to C, clocks moving with A, B and C would tick. The purple ticks are every second; the red and blue ticks occur at the same time as each other, but you can see that they are spaced out more - their clocks tick slower in this frame.
But what does this look like according to A? We can use the Lorentz transforms to calculate the coordinates of each of the points in the Minkowski diagram as seen from a frame in which A is at rest and re-draw the diagram. That turns out to look like:
You can see that this time A (in red) is stationary, so the position is always the same, giving a vertical line. You can see that the red clock ticks are spaced exactly the same as the grid - they are 1s apart. You can see that there are the same number of ticks on each line as there were in the first diagram, and you can see that this time the purple clock is running slow and the blue clock is running really slow. You can also see why this isn't a problem - in this frame the three observers did not start their clocks at the same time.
So, yes, the clocks are running slow - it's not an illusion (although it is only an effect of co-ordinate choice). The different observers disagree about the time the clocks were started so that there is no contradiction when they meet up and can unambiguously compare clocks.