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Why would it be amazing for decentralized networks and offline web apps?

If I publish mycoolthing.com/thing, it could be mirrored over a P2P network as peer1.com/rehosted/mycoolthing.com/thing, peer2.com/rehosted/mycoolthing.com/thing, etc., in a way that would make it evident to end-users not familiar with the protocol that the content is from mycoolthing.com.

AMP is of course not P2P.

I think the point is that signed exchanges ( https://developers.google.com/web/updates/2018/11/signed-exc...) could potentially be useful, if separated from AMP, and made an actually secure thing. Like, for example, the spec doesn't require specific Google controlled js URLS to be in the content.

Signed exchanges is actually separate spec from AMP. The browser implements it independently. There is no requirement for AMP pages to use signed exchanges nor for signed exchanges to be AMP.

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