I'm not even really a hobbyist photographer anymore, but when I was, the full lossless edit was a .psd and that was generally exported to (high quality) jpg for

I'm not even really a hobbyist photographer anymore, but when I was, the full lossless edit was a .psd and that was generally exported to (high quality) jpg for distribution. I have folders full of carefully curated raws. For the relatively few that were ever edited they have an accompanying psd. The jpgs are ephemeral and don't get saved long term.