"The less you have, the more creative you have to become."
In On Photography, Susan Sontag argued that photography, which itself took a while to become considered an art form, gradually began to absolve painting of its duty to represent 'reality.' I can see 'phonetography' doing the same: dedicated photojournalists with dedicated cameras are losing ground to amateurs with just a phone and social media account.
Painting didn't die and neither will photography, but it's definitely going through some sort of midlife existential crisis. I can see it doing the equivalent of buying a vintage roadster as a senior citizen, i.e. return to its youthful state (film and mechanical/chemical processes) and explore its own unturned stones.