While you nailed me on the subjectively vs objectively (early morning flub on my part), I'm going to respectfully push back on the "no audible difference between lossy and lossless" with a huge asterisk: it depends on the content, it depends on the mastering techniques, and it depends on the equipment, but there is a discernible difference in a lot of media between lossy and lossless audio, and that difference is easier to pick out by folks who take care of their hearing and listen on quality kit.

Which excludes 90% of the populace by default, and thus I never bought into the whole audiophile hype anyway. Let folks enjoy what they like, on the equipment they like. I ain't here to judge, just share.