I’ve never met a person inspired by what we thought the Internet would be in the 90s who isn’t sad that it went the way it did. I suspect the more idealistic of the cryptocurrency people will also feel nostalgic when Goldman and JP Morgan run blockchain in a few years. It’s extremely tempting, especially to technical people, to believe that some piece of technology will create net freedom and equality. The reality is…
There was a brief moment in time where P2P looked like the future, but a lot of powerful wheels turn against it.
To your point, business and the desire for control ultimately trumped what was technically possible.