Are you saying that upsampling can provide an identical (equivalent) result? If so, why wouldn't streaming services simply upsample all of their content to at least 24/96 and market their themselves as "100% super-duper, extra high resolution"?Using an upsampling filter. You repeat, or zero-stuff the existing samples, and then apply an interpolation filter to smooth between the new samples. For non-binary interpolation factors, you can upsample and then downsample, with integer rates to give the final upsample rate you need.
You can do this with fixed input and output sample rates. You can even do it when you are not sure of the exact ratio between sample rates (i.e. when source and destination clocks are different); you use an ASRC filter, as provided in a number of SPDIF interface devices.
This is not new; the first Philips CD players used the 14-bit TDA1540 DAC, which required a 4x upsampling filter (the SAA 7030) to achieve 16-bit equivalent performance.
I think the assumption of most users is that 24/96 and 24/192 provide more information, vs 16/44, and therefore have at least the potential to sound better, all other things being equal. Upsampling certainly results in more bits, but not more information, right? If so, how does one know if a file has just been enlarged via upsampling, or actually does contain more information?
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