In response to blip #123145
My understanding was that PNG is FLAC and JPG is MP3. We've seen so many advancements in both audio and video codecs (e.g. Opus and H.264 and H.265, as well as upcoming ones like VP1) yet images, which are simpler than everything aforementioned, is still the same old, same old. Very ironic. In 2023, we still use uncompressed .gifs.
Given how storage is dirt cheap and grows cheaper seemingly every week, I do wonder if we should just move to lossless for everything.