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h265 is a perfectly cromulent standard (it's like, the official MPEG group's next version of h264) and it encodes a fair bit smaller at better quality, it's just a lot of existing stuff was built before it started getting popular, and a lot of devices that play h264 rely on hardware decoder support, which isn't there for h265
Posted by Vektor, on April 30, 12018 at 00:57:12:

It'll get there eventually, though, like how the only thing most devices would play back was mp3, but now we have newer, better things.