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Favorite offline-first software?
(slrpnk.net)
Hosting your own services. Preferably at home and on low-power or shared hardware.
Also check out:
A key advantage of tools like obsidian is the local markdown data. So you can basically use this client until you don’t anymore. Then just move on, if you don’t use very specific plugins or something. So rather little risk here, in my opinion.
But other popular alternatives you might want to check out are logseq and Joplin.