Far too many people don't realise this. The internet only isn't P2P because of market economies of scale - like how all the bitcoins are (were) in Binance. The underlying tech is still P2P.
There is going to be a problem with everyone trying to register an address block. The internet addressing scheme isn't designed for many tiny networks and you'd have to use sub-blocks of a big block, but then someone owns the big block and gets held liable for the use of the whole block and therefore for the whole P2P system.
There is going to be a problem with everyone trying to register an address block. The internet addressing scheme isn't designed for many tiny networks and you'd have to use sub-blocks of a big block, but then someone owns the big block and gets held liable for the use of the whole block and therefore for the whole P2P system.