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#Matrix running out of money is a strong reminder of why #XMPP is the future.

I can tell you confidently that Matrix takes in a LOT more $$ than XMPP does every month. Matrix went the silicon valley route of throwing their money around on expensive domains (matrix.org, riot.im, vector.im, etc..), overloading their servers before the software could handle it, advertising aggressively, and trying to convince everybody they had the "better product" when it wasn't and still isn't fast enough for real-world use. (5-10 mins to join a room LMAO)

Now they've burnt the candle at both ends, and its only a matter of time before the ship goes down or is bailed out for another 5-10 years by investors. Maybe I'm missing something big here, but I *still* don't get the hype around #Matrix when #XMPP exists.