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I've started to use Joplin[1] and haven't looked back. It's open source and their business model is hosted cloud syncing. I already have a self-hosted Nextcloud instance running and WebDAV is supported for syncing as well so I'm not paying anything at the moment.

They also have apps on desktop and mobile. The apps may not have the most polished UI but they work extremely well.

[1] https://joplinapp.org/

Obsidian not going open source is a big reason I'm apprehensive to start using it.

I'm more surprised it free. Its an amazing product with high quality plugins.

The notes are also stored on your computer so you don't even have any cloud dependency or anything.

I really enjoy using it and would pay a one time amount for it no problem.

any other limitations? syntax highlighting sounds like a very easy one for them to fix.