"Chat application" used to mean a simple thing, communication in short text messages.
Now, if it doesn't have audio/video, some channel/group type thing, it is labeled as "legacy" or "inextensible"?
Those are different categories that can coexist as different solutions.
XMPP and Matrix/Element are not competing in the same area. Matrix is something totally different.
And what does cryptocoin have anything to do with chatting 😂
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