QUOTE(TempestGarden @ Jul 18 2006, 02:36)

QUOTE(Axon @ Jul 17 2006, 12:33)

Most people just leave it at -5 (the default) for a good balance between speed and compression ratios.
What's there to understand? "lossless" means "no loss". Think of it like a ZIP file that's designed for audio.
Thanks... I understand what "lossless" means... but compression means "loss"... this seems to be a contradiction.
lossless means that no part of the audio is thrown out (i can't explain it technically), it's like zipping your document. if you Unzip it, you get the original. just like that, if you convert your lossless back to WAV, you get the exact thing you started with.
lossy encoders throw away parts of the audio that our ears cannot perceive so they "sound" the same but mathematically they "aren't" the same.
hope that helps