Oh, you crazy kids.
I must be one of the 'old-timers' you are talking about. When I was a Cadet, the shoes were either made of leather, or leather with a wooden sole, instead of leather with a steel shank. There were only laces, as there were no other fasteners yet invented. My first pair were a beautiful pair of Sabatini perforated leather shoes, complete with our team logos. Cool. You hipster kids would love them.
When Adidas came out with the 'Eddy Merckx' shoe, it had a nylon sole and a ballistic nylon upper. I thought I had died and gone to heaven! A shoe that didn't stretch and bleed al over your socks in the snow and rain (our socks were only white, too)! The shoes still had laces.
I won my first pair of Look pedals and shoes ina race in Ontario when they were first released. The shoes were fastened with velcro straps. I couldn't believe that we could now adjust the shoes on-the-fly. I could have comfort during the stage and then tighten the straps for the sprint! What would they think of next!
Turns out, it's laces, again...