Are Lives Outdated Game Design?

Are lives an outdated relic of the arcade era, or are they still relevant to game design in 2020?

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Crash Bandicoot 4 game code provided by the publisher

Sources

[1] Super Meat Boy's McMillen Explains 'Why So Hard?' | Gamasutra


[2] Sonic Mania’s Save System Sucks | USGamer


Games shown in this episode (in order of appearance)

Crash Bandicoot 4: It's About Time (Toys for Bob, 2020)
Fire Emblem: Three Houses (Intelligent Systems, 2019)
Battletoads (Dlala Studios, 2020)
Pac-Man (Namco, 1980)
Super Mario 3D World (Nintendo, 2013)
Super Mario World (Nintendo, 1990)
Sonic Mania (Sega, 2017)
Kirby Star Allies (HAL Laboratory, 2018)
Donkey Kong (Nintendo, 1981)
Donkey Kong Country (Rare, 1994)
Donkey Kong Country: Tropical Freeze (Retro Studios, 2014)
Rayman Legends (Ubisoft Montpellier, 2013)
The End Is Nigh (Edmund McMillen & Tyler Glaiel, 2017)
Super Mario Odyssey (Nintendo, 2017)
Super Meat Boy (Team Meat, 2010)
Streets of Rage 4 (Dotemu / Lizardcube / Guard Crush Games, 2020)
Mega Man 11 (Capcom, 2018)
Disney's Aladdin (Capcom, 1993)
Castlevania: Rondo of Blood (Konami, 1993)
Super Mario Bros. 3 (Nintendo, 1988)
Mega Man 2 (Capcom, 1988)
Super Mario Bros. (Nintendo, 1985)
Celeste (Matt Makes Games, 2018)
Mega Man 3 (Capcom, 1990)
Crash Bandicoot N. Sane Trilogy (Vicarious Visions, 2017)
New Super Mario Bros. U (Nintendo, 2012)
Furi (The Game Bakers, 2016)
Kero Blaster (Pixel, 2014)
Sonic Generations (Sonic Team, 2011)
Spelunky 2 (Mossmouth, 2020)
The Messenger (Sabotage Studios, 2018)
Shovel Knight (Yacht Club Games, 2014)
Panzer Paladin (Tribute Games, 2020)
Ori and the Blind Forest (Moon Studios, 2015)
DoDonPachi Resurrection (Cave, 2008)
Sonic Forces (Sonic Team, 2017)
Trials Evolution (RedLynx, 2012)
Bloodstained: Curse of the Moon (Inti Creates, 2018)

Music used in this episode

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Design?