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Been said, but you can outright buy Capture One with no subscription. I am a fuji shooter and have been using C1 in this way for quite a while now.
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Oh, yeah, I don't think I'm willing to drop $500 for something that I used to be able to use for free, just because the company decided to stop letting me use what I've had for years, for both of the cameras I use (Sony and Fujifilm)!... Screw them. I won't ever be giving them any money.
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Capture One express Fujifilm was discontinued and folded in into the regular Capture One. The out of box processing of raf is still top notch (at least for my x-t3). There's a subscription-less option.
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I have a Lumix camera which doesn't have support for Raw files but apparently you can just use the free Adobe DNG converter and it works well. It should work for your Fuji Raws too.
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I thought the same when I got a Fuji, but the issue is support for the X-Trans sensor. Turns out that converting to DNG doesn't change that and software that opens the DNG still needs to understand how to use the data in it.
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> It includes native RAW support for Canon, Fujifilm, Nikon, Sony and even iPhone ProRAW.

I guess everyone forgot that Pentax still exists.

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Pentax sensibly decided to add native DNG capability a long time ago, the raw files work everywhere I've tried them.

(Except DaVinci, which I couldn't get to do anything without freezing for minutes at a time this morning.)

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Erf, I do hope they add support soon !
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DxO PhotoLab supports RAFs these days, and does not have a subscription model. They have black friday sales, if the RRP seems a bit much.

I've just installed DaVinci and pointed it at my photos from this year and so far it's been frozen for 8 minutes, not initially confidence inspiring.

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What platform, what storage and how large is the directory? Might be a difference in experience for people on Windows trying to open N-TB over a NFS share compared to Linux N-GB locally.
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That was a Windows laptop, local SSD, about 200gb of raw files (fuji, pentax) from this year so far. Plenty of ram, plenty of spare storage, but no discrete GPU which might have been the issue. I might try it on Linux at some point.
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Have you tried Affinity Photo?
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Affinity is great for editing but doesn't do the library management stuff that Capture One/Lightroom etc do.
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I haven't, but based on the history summarized in this post[0] I'm guessing they will soon force everyone into their subscriptions anyways

[0] https://mg0x7be.github.io/affinity-enshittification-how-canv...

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