And you're also back to the situation where you can't preload the content in a controlled manner or privacy-preserving manner, nor have the page-speed guarantees since the version being served to the user is not the version that Google crawled.
It's kind of the opposite. The cache is where the actual benefits come from. That's not the part you want to get rid of. The AMP spec was just a vehicle for making the caching possible in a secure manner.
This model would theoretically allow the validation, caching and prefetching to be done for all (signed, so opt-in by the publisher) HTML pages. Which is another one of the historical top complaints about AMP: why can't light, fast-loading, mobile-friendly HTML get the same treatment in search results.
> Can you maybe see that people feel the browser is now lying to them about where the content is coming from?
I can see that they are feeling like that, I just don't understand how they arrived there.
How is this different from a e.g. company X's website being behind Cloudflare? The browser didn't contact the actual server that company X hosted the content on. Instead the browser contacted a server run by Cloudflare that could prove cryptographically (via TLS) that it was authorized to serve content on behalf of the actual site.