[BowBun]

My take: Discord will slowly enter the arena with the likes of Google, MS, Meta, Apple, Valve for their massive user network. The amount of resources needed to sustain free offerings for so long make it a nearly insurmountable moat for others to compete.

Even if one could reproduce their tech (which I doubt, they are top-tier), individuals would drown under hosting costs. They've positioned themselves incredibly well.

[ahhhhnoooo]

Discord's technical moat is not that large. They've done well, but it's not the same as something like Google or Microsoft or valve.

[BowBun]

Having read their tech blogs about both the local video capture tech and their infrastructure optimizations, I disagree.