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For all practical purposes Matrix is run by a private for profit and venture-capital funded company called Element / New Vector.
If the company went under you could continue to selfhost, right?
Yes, but there are IMHO better options like XMPP or IRC that are truely community driven and have stood the test of time.
I would argue that IRC hasn’t managed to evolve with the needs and wants of modernity and that’s why the likes of Discord and Matrix have become so big.
“Element” was originally called “Riot,” which was an even better name than “Discord.” But, then, governments started adopting Matrix and someone realized “Riot” wasn’t corporate-friendly ¯\(ツ)/¯
mmmm, my favorite symbiote
