I lost noise, and the inconvenience of a fixed length of tape. I record live operas (mostly Met Broadcasts). My recordings sound almost as if I were sitting in my accustomed spot in the orchestra. I gained virtually free media, and ease of duplication. Sometimes newer is better.
As for faking digital audio, I'm not sure it's as easy as photoshoping a picture.
ML/NJ
The stack of tapes in the cabinet continue to hold their information even after the recorder croaks. When the weeks old digital recorder croaked at my industrial site we lost all the security videos (the installers had NO idea how to ,or if, the video could be recovered.
Sometimes newer is both better and worse.At least horse manure was good for crops unlike automobile exhaust.
We just need to be sure of all the tradeoffs.