Comment by kstrauser
The fact that it exists. I was a network engineer before NAT became a common thing and remember how it use to be when nodes on the network were legitimately peers. NAT is a bletcherous band-aid for the fact there are more people than 32 bit numbers. Now we're seeing true abominations like CGNAT. That stuff needs to be lost to the realm of scary legends told late at night.
I was asking about practical issues, not just complaints of subjective ugliness. While I'll grant that CGNAT can be pretty bad (though not entirely indefensible for mobile networks), I don't think we can ever return to "every node being a peer" in any case, not when any typical network will have a firewall that denies incoming connections.