Healthy skepticism is great! But every post of yours is perfectly fitting the troll recipe. But just in case you're being genuine, here's my take.
The software is already nice and very usable, even at this early beta stage. There's going to be a million users within a couple years. One thing I've noticed about the PKM community, is that there are a lot of really smart and ambitious people here. You know what that means? Community capital. Guarantee or not, if Obsidian ceases to exist, you possess your data in an open format structure in an open standard, and the latest software you had downloaded will work until a handful of those million users create an open source equivalent.
There's nothing proprietary about backlinking. It's not rocket science. Obsidian is just leading the way with a very enjoyable UX for it.
And I hope they succeed. It seems like they are genuinely seeking a nice balance between creating value for themselves and the community.
Because individual users don't give a lot of revenue to any SaaS company. That's why Notion just made their personal tier free.
It's a top of the funnel to convert people at workspaces into using the tool because they're familiar with it (not talking about Obsidian specifically, but in general).
Why not have a somewhat open core model? The user is free to use the open source app in their local machine, but then there is a license that says you definitely can't host this on your own and charge for it.
Meanwhile for the commercial customers they can offer a managed solution.
All your data is in text format. It's a desktop app, so you don't really lose it, but if for some reason it disappears and your installed app stops working, all your data is already in a directory on your computer.
It's a desktop app. If Obsidian shuts down the app will continue to work as long as your OS can run electron apps. If it doesn't work, they're just markdown files a million other apps can handle.
Especially if it is not free.
Especially if it is not open source.
If personal use is free forever but not open source, how am I supposed to believe that it will be free forever?
Color me skeptical.