Earlier quoted context omitted.
This assumes infinite color discrimination abilities, though. I'm fairly certain that after a certain point, even if there are bands, most people would be unable to perceive them.
Good point. But the current 8 bits per pixel is definitely too few.
At least where I live one of the differences between the TVs that CostCo sells and the ones that others sell are 8 bit (CostCo) vs 10 bit (others) panels.