> It's a ~20 year old P2P network that relies on traffic obfuscation for plausible deniability. But peers see each other's IP addresses.

Traffic is not just obfuscated, it is encrypted. Sure, you see the IP of a peer which transfers stuff across your client - but you do not know what the stuff is as it is encrypted.

So the IP address is worthless unless you figure out a way to guess what the stuff is, and who requested is.

See my other reply in this thread for further details.