I find myself contrasting "peer-to-peer" to other fads/phases that had varying success (microtransactions, social networks, cryptocurrency, gig-economy, LLMs) and I think I still have a soft spot for it, probably because it represented a kind of individual empowerment.

This was also back in the day when the average computing device felt like capital accessible to the common man, machines which could be wrangled into solving your own problems on your own terms.

That's in contrast to a curated service graciously permitted by The Powers That Be, which doesn't do anything that's good for you that isn't also good for them.