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> But I would trust [...] Matrix.org as far as I would trust Microsoft.
Ouch. Did you read https://matrix.org/foundation or https://github.com/matrix-org/matrix-doc/blob/matthew/msc177...?
While I'd agree that skepticism was warranted if we hadn't split out the Foundation and the the protocol was de facto controlled by Element. But instead we made damn sure to create the Foundation independently and frankly protect it from being sabotaged by Element or any other commercial entity building on Matrix. To suggest otherwise is pretty insulting to the other Guardians/Directors whose only role is literally to oversee and ensure that the protocol isn't sabotaged by commercial entities.
This is very different from Microsoft's model.
Presence may be a protocol level issue. My server struggled pretty badly until I disabled it and I see that's generally the advice: https://github.com/matrix-org/synapse/issues/3971
That doesn't seem like a fundamental issue though.