Posits seem great, but LLNL seems to favor ZFP[1], not posits.[2] Maybe new chips should then implement both posits and ZFP.
[1] https://github.com/LLNL/zfp
[2] https://helper.ipam.ucla.edu/publications/bdcws2/bdcws2_1504...
[1] https://github.com/LLNL/zfp
[2] https://helper.ipam.ucla.edu/publications/bdcws2/bdcws2_1504...
So "posit" numbers get you the ability to tradeoff precision and range, but they're not anymore highly compressed than regular old IEEE floats. Unless, as Gustafson argues, you didn't need a double in the first place and the added features of posits let you switch to a float.