After investing in decent audio equipment to play vinyl, my brother recently admitted that when he compared like-for-like, he couldn't tell the difference. Yet when his birthday came around, he still wanted vinyl.
As much as I hated myself for buying him such a present, I bought it anyway. When I received the album in the post, it really brought home to me just how stupid it is to invest in vinyl. Giant, fragile discs that are subject to warping and careful care is required when handling and attempting to play, and must be turned over to hear the second half of the album, (not to mention that my brother has one child who is 5 years old and a newborn in a few months' time), vs.... music that I can make as many copies as I like for next to nothing in cost, and store all the albums I own on a device that's smaller than a postage stamp, with sound quality so close that I can't tell the difference even on half-decent kit.
I still only buy CDs because I want the lossless format (as well as something physical), but the first thing that happens to any new disc I get is that I rip it to mp3 with high quality settings. The CDs go into storage after that.