Hello,
First, I'd like to introduce myself. I wouldn't call myself and audiophile but I do enjoy good, high quality music. I think I am balanced, but some of my friends call me crazy. That said, I am also a value hound and I tend to run cost-benefit analyses on things. I often ask myself: does some incremental increase in potentially inaudible "quality" really justify the cost, time and hassle? Sometimes yes, sometimes no. I am also a researcher and statistician who is generally incredulous when it comes to subjective measurements. That is why I appreciate this forum.
Now to my question: I am going to go through the laborious process of ripping my CD collection and storing it on hard-drive. I will most likely use a lossless format because storage is cheap these days, and why not store ALL of the original information? However, lossless is not appropriate for all applications (e.g., where storage space is at a premium). That said, I'd like to understand at what point a lossy compression algorithm is *virtually* indistinguishable from a lossless one. Can someone provide a rationally grounded opinion around which lossy compression algorithm and what bit rate the difference should undetectable?
Thanks!
Kyle