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MQA was never pitched as lossless, was it?
My understanding is that it uses lossy data compression on the pointless* part of the spectrum in a hi-rez recording (ie the bit much above 20kHz). It's kind of like FLAC for 20Hz to 20kHz and MP3 for 20kHz to 48kHz (or whereever it goes up to).
Not that I care one jot, nasty proprietary junk (with a closed specification) for the benefit of commercial streamers and the like. Not created in the interest of music fans and too far behind the curve to hit home; bandwidth and storage just get cheaper, so the requirement to 'save' them reduces at the same rate. Expecting and using open formats will do us all favours in the long run.
*subject to endless circular argument on the internet
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