Comment by teiferer

First, try explaining to a non-tech person the difference between jpeg and png and they commonly scratch their head. It's nice to have a single format covering lossy and lossless, just meaning "picture". Whether it's a photo where lossless is ok or some icon where it isn't should be insubstantial.

Second, the "all connections are fast, what's the point" is one reason why the web is so slow. Connections are often slower than the dev with his 1gbps connect feels every day. The average website loads slower (in wall clock time) than it did 15 years ago. Smaller files and fewer network round trips would do everybody a favor.