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I think a stronger alternative would crop up quickly if an exodus occurred/was likely. But, yeah. Ugh.

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Yeah, FOSS gets exponentially better the bigger any given community gets (eg: blender, godot). Discord just seems to be unfathomably entrenched at the moment, despite the blatant enshittification on their way to an IPO.

Last time Discord was flirting with AI, Matrix + Jitsi seemed like it was the closest to a viable alternative to Discord (excluding "move to another free-ish commercial service for 1-5 years until they enshittify" or "pay $$$$$$$ for Slack") and that was gonna be a looooot of jank

They use livekit with a matrix layer to handle room presence, calling it MatrixRTC. I believe nheko and fluffychat also have support for it. But yes, in general I think matrix has a big issue of element basically implementing features and then forcing matrix to adopt them because it is in use.

I've been keeping my eye on stoat (I enjoy the new name haha) but it still feels pretty half baked and their progress doesn't appear as significant as matrix at this point. Not to mention the matrix protocol is a very solid baseline to compete with. Looking forward to their E2EE though!

Last I saw (albeit this was back when they were Revolt) they didn't support screen sharing yet, and the main Discord community I'm in does scheduled screen shared events three or four times a week plus ad-hoc additional events.