I don't understand how the Multi-Interface shoe is "Industry Standard"

Here's how Wikipedia describes the advantage of the proprietary Minolta hot shoe:

The use of the button-operated latch, besides facilitating a quick, one-handed flash attachment and detachment, also eliminates the possibility of the flash gradually working itself loose and shifting in the shoe, which on camera systems using the ISO 518 hot-shoe [the so-called "industry standard] can lead to certain contacts being broken, contacts with the wrong pins being made, or in extreme cases the flash sliding off the hot-shoe entirely.

But you say the antique "standard" shoe, invented in 1913 to hold tiny accessory OVFs, is better. Please describe how.