I have to say I’ve actually come to love lossy compression / digital artefacts, just like people love the sound of vinyl crackle, i’ve gotten used to youtube quality audio and enjoy it.
This audiophile business it a case of self-foolery i reckon. I wonder, just how many FLAC purchasers have unknowingly bought tracks that sampled from mp3? How many vinyl enthusiasts have purchased vinyl that was cut straight from mp3? There are a whole lot of artists out there who probably only have 320s of certain tracks left on their hard-drives.
I’ve personally cut 320 to vinyl, the label didn’t notice, the mastering engineer didn’t notice, and some of the tracks themselves took samples from mp3s of various quality too.
Lossless is for recording/processing/redubbing without quality loss, not for listeners or party-goers