I've been reading up recently on radial basis functions, and I've recently moved from Gaussian basis functions of the form $\phi(x)=\exp(-\alpha||x-x_i||)$ to multiquadratic basis functions. My source is this paper, which is referenced in an algorithm that I'm looking at.
The basis function for the multiquadratic RBF is given as $\phi(x)=\sqrt{||x-x_i||^2+R^2}$, where $R$ is a shape parameter. While it's certainly possible to solve the set of linear equations in a basis function and get a valid result for any equation, this choice of basis functions seems odd. Compared to a Gaussian basis function, where the effect of a basis function with a large value of $||x-x_i||$ approaches zero, multiquadratics grow increasingly rapidly as the radius increases.
Intuitively, this seems like a strange choice for a basis function, since distant points in a training data set would seemingly influence the results of a local solution more than nearby points. Why is this function used as a basis function, and what advantages does it have over something like a Gaussian basis function?