How does that compare to a direct to disc recording on vinyl on high quality speakers? To a live performance? There is lossy then there is lossy. The music most folks listen to is "convenience focused" NOT "quality focused."
Lover of insanely great reproductions.
Rocketman
CD and vinyl were proven to have the same audio fidelity, as long as they're through hi-fi speakers.
Yes, they are technically "lossy" but digital media distribution has created a format where the loss of data is actually noticeable.
What all of us would like is convenience AND quality. What Internet has done is only implement the former, and the world has adjusted to it while audiophiles who care about quality suffer.
I'd bet if we were in the 1970's with a comparison of FLAC and MP3, people would notice the difference between them.