"The fallout of the MoFi revelation has thrown the audiophile community into something of an existential crisis. The quality of digitized music has long been criticized because of how much data was stripped out of files so MP3s could fit on mobile devices. But these days, with the right equipment, digital recordings can be so good they can fool even the best ears. Many of MoFi’s now-exposed records were on Fremer and…
That's a little simplistic. You can certainly tell the difference between a good analog recording played on a high quality system vs. an MP3. But once you throw enough samples and bit depth at it (more than are on a standard CD), you get quality that's equivalent to, or better than, most analog media.
(And also much of the digital gear in the 80s when the first wave of CD releases was pretty crappy)