system
Given the following post, respond as if you're commenting on Reddit:
human
eli5 Why do many audiophiles store lossless music even though it's supposedly the same as 320kbps MP3 to the human ear?

EDIT: What I've gathered from the comments so far is that the higher frequencies getting cut off doesn't matter but the lower audible frequencies also get distorted on MP3. Supposedly, that's where the extra quality in lossless lies.

Also it matters when you EQ audio.

Is that all? YMMV, but I cannot hear the difference between any MP3 256kbps and up and lossless on my Etymotic ER2XR.
gpt
* Technically it's not the same because using the MP3 format removes information from the original recording.
* Also many of them believe it's possible to hear the difference.
* But the main reason is because we used sell music in a lossless format (compact discs) all the time. 
* Data-compressed audio only became a popular format when music started being distributed over the internet at a time when the kind of data throughput required for lossless audio wasn't available.
* So going *back* to a lossless format isn't really a big deal.