I remember downloading and compiling Mosaic and thinking that this is stupid. A glacially slow way to display text with links and graphics, who's going to want that? Why not display text as it was meant to be displayed, on a terminal.

I still think there will be a return of peer to peer eventually, since every pocket has a computer capable of computation and bandwidth unimaginable back then. The ultimate form of data privacy is when you control the power plug.