Note: a lot of flyback-style transformers are setup to step down the AC voltage 1/10th (12V in 120VAC, 24V in 240VAC) because transformers are cheap/abundant for that. It’s cheaper often to put a buck converter that takes any voltage from 12-24V and convert it to a fixed required voltage.
You’d have HUGE savings on the copper required for a standard home, plus you’d get a substantial increase in power capacity.
Most of the copper is spent on carrying hundreds of amps at low voltage not the 12V lanes.
And for that matter, I wouldn't want 240VDC on utility poles either. If a line goes down, it's so much more dangerous.
The more sane solution would be a high capacity DC converter installed next to the line transformer that feeds your street. DC infrastructure inside the home makes total sense at moderate voltages. City scale DC at line voltages is honestly terrifying.
https://en.m.wikipedia.org/wiki/Electrical_injury
It is, however, considerably more complex to make DC circuit breakers or ground fault detection devices.
Utility poles are 10’s of thousands of volts (AC), I guarantee you that will cook your goose AC or DC.
If they're going to go to the trouble of coming up with a new standard, it's asinine to base it on 12 volts, which is already known not to be sufficient. They need to use 48V.
The problem is that safely handling "20-30 amps or so" cannot really be done with cheap consumer-level Molex connectors, or at least should not be done, ideally. More expensive connectors are needed, so what they are doing now is asking for trouble. However, the voltage doesn't determine how hot it gets; only the current influences that. If they were distributing power at 48 volts, the current would be about 1/4 what it is now, and overheating at the connector would not be an issue.
Also I do understand how it works.
Meanwhile, it's true that point-of-load regulation from 48V directly to 1V will be less efficient (well, maybe; see nimish's link below). But by the same token, regulation in the PSU would be more efficient if it didn't have to go all the way down from 150-300 VDC on the primary side down to 12 at the output.
A good compromise would probably be the geometric mean between a few hundred volts and the voltage at the load with the highest current. Assuming 250 volts on the primary as a compromise between 120/240VAC operation and 1V all the way downstream, that would be about 16 volts. Doesn't seem like a big improvement, but it would be enough to lower the current at the GPU input connector by about 1.8x compared to 12 volts.
Either way, sticking with 12 volts in any new standard is just stupid. 48 has another advantage, which is that automotive is going to (finally) start moving to it over the next few years. There could be a lot of room for parts-sharing between the two industries.
Indeed - drop the phillips head already. Hex or torx, please. 50A is really on the very high side, though.