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I agree that it's nice to have this kind of write up and code, but "works" is a low bar to pass, especially in image compression. If this were written up as an academic paper, a few questions would have to be answered:

* what is the related work?

* can you put any bound on the error of the reconstruction?

* how does performance vary across resolution, noise, and content?

* how does that compare to the other state-of-the-art methods?

Without that, how do we know whether this is worth using?

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