An interesting conversation here from representatives of three Audio Advice vendors: AudioQuest, Ayre Acoustics, and Wavelength Audio:
"During a conversation with AudioQuest's Steve Silberman, Steve brought up the notion that "there's no such thing as digital" which I found thought provoking. I suggested to Steve that we have an email conversation about this very topic and Steve suggested adding Charlie Hansen of Ayre Acoustics and Gordon Rankin of Wavelength Audio into the mix. So that's what we did. The opening question:
It's common for people to envision and represent a digital signal as a series of 1s and 0s. As such, there's really no room for error, at least according to this binary theory. Is a digital signal simply a series of 1s and 0s?"