I wish this website had a downvote button of sorts as this is a ridiculous notion. You have VBR MP3s that rival vinyl. You have FLAC, you have Ogg. People say "lossless" is such a big deal with MP3s but your ear can't really discern anything (unless you're still a teenager) above 256kbps anyways. It largely depends on the speakers, monitors & how they are made that you're listening through. Do your research.
You seem to be confusing compression bit rate with audio frequency. Even if my ears can't hear frequencies above, say 15 kHz, that doesn't mean I can't hear compression artifacts in music compressed at any particular bit rate.
