Yes, that is already what the P2P Reddit does, but without IPFS (although this is a good idea!), and using GUN as the "backend" (fully P2P/decentralized though), SEA for validation/security (no need for a central one), and DAM for pubsub (no flooding problems like in libp2p) which can do WebRTC.

I'm sure people would love to see an IPFS version of a bootloader, instead of HTTP, that is a cool idea. Have a repo for it?