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That's the usecase of Matrix As IRC I guess you mean? I've never participated in any matrix.org rooms outside of the matrix / synapse / element support rooms (I believe they're on matrix.org). For our community it's kind of moot if matrix.org closes, the only downside is of course support will drop off precipitously. But other than that, we self host.

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I don't see what this has to do with IRC. But if all your users use your homeserver, then yes you should be fine.

I mean in the sense that IRC as a community and support hub for certain things like various Linux distros, other Foss projects etc, shifted away from irc to other tools like discourse or matrix.

I believe several are hosted on matrix.org.

Rooms in Matrix are hosted on every server who participates in them - just because the alias is #somewhere:matrix.org doesn’t mean that if matrix.org goes down the room disappears.

However, user accounts aren’t portable yet, sadly. So the problem is more that if matrix.org disappeared then it would impact the user accounts homed on it.

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