Xz format inadequate for long-term archiving (2017)
It may not be a good choice for long-term data storage, but I disagree that it should not be used for data sharing or software distribution. Different use cases have different needs. If you need long-term storage, it's better to avoid lossless compression that can break after minor corruption. You should also be storing parity/ECC data (I don't recall the subtle difference). If you only need short to moderate term storage, the best compression ratio is likely optimal. Keep a spare backup just in case.