Young has long argued that the mp3 format offers just 5% of the fidelity that consumers can experience from vinyl and other playback options, and questioned why larger 'lossless' file types are not dominant.
"If you take a 2192 file - the highest res recorded music today - and you compare that to a vinyl record or analogue tape master, they're both pretty similar [in sound quality]," Young told an audience at All Things D's Dive Into Media conference on Tuesday.
"The copy is very good. If that's 100%, now we have 5% with mp3... The problem is that there's no alternative living in that space. You can't associate poor quality with convenience."
Young then called for a 'modern day iPod'. He said full lossless audio files would take 30 minutes per album to download onto a device - and that he believed a portable device that carried 30 albums was possible.
Then came the biggest revelation of all.
When asked why Young hadn't taken the idea to hardware manufacturers, he replied:
"I talked to Steve about it. We were working on it."
When asked what progress had been made since Jobs' death, Young replied: "Not much."
Popular lossless audio file types include FLAC, which is currently incompatible with Apple products.
Said Young: "Steve Jobs [was] a pioneer of digital music, and his legacy is tremendous... But when he went home, he listened to vinyl. And you've got to believe that if he'd lived long enough, he would have done what I'm trying to do."
Read more: http://www.rollingstone.com/music/news/neil-young-steve-jobs-wouldve-preserved-vinyl-20120131#ixzz1lFXl1T4r
Watch Neil Young's full interview at Dive Into Media through here.