In the past, I articulated, on the topic of 'Ask HN: Software for writing a diary that will be around in 20 years from now' [2]:
I'd be wary of the archival potential of formats that are solely used on the Web with little usage on tangible physical hardware by major commercial publishers -- the Web of today moves very fast and technologies come and go. Google is pushing WebP, WebM, but work is already under way on a big consensus format called AV1. When AV1 comes out, new VP8/VP9 content will likely no longer be produced. Browsers periodically prune older features, 20 years is almost as long as the web has been around, and given enough time support for the format may only be available in software that make format coverage an explicit goal (ffmpeg, libav, VLC). Opus is being made a mandatory audio codec for WebRTC, teleconferencing is usually ephemeral -- will there be lots of .opus files sitting on disks in the future? Too early to tell, not worth gambling on.
The context of this was choosing formats for the express purpose of long-term archival, but our incidental usage of formats today will shape the sort of files that will be naturally around in our future.
[1] https://news.ycombinator.com/item?id=5589206 [2] https://news.ycombinator.com/item?id=12979854#12980359
We had similar problems in the past with physical media, and still do to some extent, but in the purely digital domain this problem is somewhat more tractable (content negotiation helps facilitate these transitions for those willing to work that into build pipelines and maintain those over time, for example.)
If we can get everyone to agree on a format that handles layers, exposure bracketing, transparency, animation, high bit depth, different color models, both lossy and lossless compression, every common type of metadata, etc., that would be great.
TIFF is not useful if you want to use a state-of-the-art lossy codec and get hardware-accelerated decoding on an arbitrary mobile device, or if you want to display an animated image with transparency on a web page.
That's why it's best to accept whatever format is already out there and author to it - the only thing that matters is that it actually works when it's out there.
Actually I'm surprised there's still no good way to do animations with transparency, but maybe nobody wants to use it?
It's also extensible, in that you can define new item types and box structures to describe any new imaging construct you like. For example, you could host images with alpha, depth maps, stereo left/right channels, a HDR image with each of the raw brackets and the final fused image, etc.
The format relies upon the ISO Base Media File Format file-type branding to distinguish the infinite possibilities into a clear set of capabilities required for playback; in the same way MPEG4 does for video codec profile and levels.