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Privacy is Priceless, but Signal is Expensive
(signal.org)
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Indeed. Xmpp is lost as a general purpose chat app for everyone. I have many issues with matrix but it's the best chance we have, particularly with bridges.
XMPP is the IETF Internet Standard while Matrix is just another custom IM protocol managed by a venture capital funded startup which keeps losing money.
I don't disagree with that statement; however, that doesn't make it something the general public will embrace. Its mess of extensions are top little too late. That ship has long sailed. And I say this as someone that prefers using XMPP for 1:1 chats