[pilif]

>Wouldn't the ownership of the server be easy to trace back to you?

yes. Which is why I said that this helps to shield your traffic from other people in your current local network (think: coffee-shop) which is one use-case of a VPN.

If you need to protect your traffic from anybody but your peer (another potential use-case of a VPN if this were possible) and you even want to hide the fact that you were talking to that peer, then you're out of luck. Period.

[wintermutestwin]

You are ignoring the use case of protecting my data from my ISP, who is a known bad actor that wants to sell my data and had the power to strongarm my government into legalizing that data theft.