Maybe. The competing standard for many, many years was analog FM, though. Most places now don't even have the 300kb/s digital radio. 192kb/s is definitely good

Maybe. The competing standard for many, many years was analog FM, though. Most places now don't even have the 300kb/s digital radio. 192kb/s is definitely good enough for the vast majority of people. There are always going to be audiophiles and artists who make derivative works, but those aren't the people who are served by the widespread piracy of media.