Except that codecs and hardware won't stop evolving.
Re:VLC and Qt – A History [video]
by yjftsjthsd-h on Sunday November 15, 2020 @09:16PM
(#25107226)
And let's not forget that codecs have a long and terrible history of security issues. There's a reason that they're a poster child for fuzzing.
Nothing about open source allows you to use an old and unsupported piece of software
Re:VLC and Qt – A History [video]
by httpsterio on Sunday November 15, 2020 @10:55PM
(#25107809)
It literally does. As the source is available, you can always compile whatever version you happen to have the sources for. Nobody is forcing anyone to upgrade, there's just no guarantees either.
2. Jean-Baptiste Kempf was offered tens of millions of euros to put ads in VLC, but turned down the offer (link in French)[1]
[1]: https://old.reddit.com/r/france/comments/736ghk/ama_je_suis_...