This is a bit after the fact here (about a year!) but I wanted to put in my 4 cents, adjusted for inflation. I’ve worked as a studio engineer, a professional musician, a computer geek and have recorded, transcribed, converted, listened to, and appreciated more audio music files than I can ever hope to count in my many years in the field. Yes, mp3 is lossy. On the other hand, given the current limitations on email and cloud file storage and, especially in the US, consumer bandwidth, there are a number of compelling reasons to use a popular, compressed, lossy file format - many of these similar to the reasons people should use plain text for emails rather than the generally bloated and non-standard HTML or rich-text formats.
If I play you a song, I am conveying to you a set of musical ideas. If I need to learn a song, I want access to a copy of the song which contains all the musical ideas which the performer or composer put into it. It doesn’t matter if it’s audiophyle quality or not. That’s not important. The mp3 format has become widely popular for good reasons, and most people don’t notice or mind the lessened quality of the format. I, personally, prefer to use ogg instead of mp3 since it’s an open source format, but the fact that compressed and lossy file formats, whatever they are, are the most popular formats for exchange of music is a fact of life, and a very logical one. On the web, the most popular image format is jpeg, which is likewise a lossy format, and few if any browsers can display a tiff (lossless) image, nor would many people have the patience to wait for a web page containing multiple tiff images to load.
What is an error is to pass off an mp3 file as a full-spectrum, high quality audio product, and I, also, deplore the popularlity of mp3 downloads as a popular replacement for CDs. An artist may spend thousands of dollars in a studio recording a product with a 16 - 25K audio spectrum range, and this quality is lost in an mp3. Nor can one expect to produce a quality CD product using mp3s as source material. Bicycles and SUVs both have their uses, but it’s a big mistake to try to put bicycle wheels on your SUV.
The incredible explosion of musical creativity in the US and other countries in the 20th century was largely a result of the development of radio as a communications media for music. For a substantial portion of this time, the radio medium was AM, which necessarily imposes a 5K limit on the audio spectrum. This didn’t stop the musical communication and inspiration spread about by late night clear channel broadcasts of shows such as the Grand Old Opry, nor did it stop the many great writers and pickers who grew up listening to this music on the radio.
So high audio quality has its time and place, but this is not all the time, nor everywhere. If I want to record a CD, I’ll keep my recordings as wav files. If I want to share songs with my friends, many of whom are songwriters, I’ll use mp3 or possibly ogg files. Likewise if I want to make a quality audio recording in a studio I’ll probably be using ProTools rather than Ardour.
It would be very nice if Ardour for Linux could handle mp3 files. I have built it from source, and as I recall it built with mp3 support, but Ubuntu desktop doesn’t provide it with this support as a pre-compiled binary. Ardour for my Apple iMac, on the other hand, does, so if I need to work with mp3 files in Ardour I just switch to the Apple side of my virtual machine setup and use it there.