I disagree in that silver disc formats multiplied just as digital formatS have. We started with basic CD players and they evolved into playing DVD, SACD, multi-channel, Blu-Ray, etc. They became multi-format disc spinners. I never had one that could play an SACD, so I’ve never listened to SACD.
Likewise, my current system can play PCM up to 24/192 and DSD64. PCM codecs are not an issue as I have never had a PCM file That it has been unable to play.
Just as with SACD, I am not prepared to buy hardware to try 128 or 256 DSD. I would need a new system as I have an integrated player. Besides the cost, it’s because virtually all my music will be PCM, that will never change, which I have enjoyed for 40 years, and do not want the paranoia of listening to formats rather than music.
I’m sure you’ve heard this all before. It’s a bit like restaurants. Some people go to 3* Michelin restaurants because of the stars, they collect them, not whether they like the menu. Some people appreciate the exceptional nature of the cooking and service, others do not. In different countries people take it more or less seriously. We’ve walked out of 2* restaurants because we did not like the menu, just as I’ve not listened through 2 of my 7 DSDs as I didn’t like the music. For me it’s only the food/music that counts.
Some people will only eat 3* Michelin, few and far between. Hopefully they like the food, but it dramatically limits your options.