"You can't compress noise." Well, humans can't tell the difference between two snippets of white noise.

It'll be fun. Remember jbig? (can't find the source, but iirc "most of what we're sending is text, so our fax can detect identical characters and reuse them! genius! [ten years and several bonuses later] um boss, our fax swapped a few ... 'identical' ... digits in someone's legal documents, so you have to appear in court now. also their entire scanned document archive is potentially corrupted and they may want damages")

I guess the 'no photos on the internet' people will have the last laugh; they won't be the ones seen criming in the background of someone else's blurry holiday photo.