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That depends on who you are.

Mailgun will do some chores for you, for a fee. If those chores are things you can do in your sleep, fine! Mailgun does nothing magic.

Since I've complained about the free tier reputation issue elsewhere, I will say that Mailgun gives you a great set of management tools and a very nice API. Those are things you're going to have to build/assemble yourself (or do without) if you just go the "postfix on an EC2 instance" route.

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