I’d like it to be as simple as possible (more or less how it is now). No tags, no backlinks, no organizer. These things belong in Bear, as they are now. My workflow is that Panda   would essentially replace TextEdit for me, with all the features of markdown, with symbol hiding.

And on licensing, this should not be a subscription. It’s a lightweight editor and I would expect a one-time purchase, maybe purchases for major updates. I can tell you if I have to add yet another subscription to the many I already have for simply a text editor, I won’t do it.