What if I told you JPEG can be lossless too? By dialing the quality to 100% and using the rare setting of 4:4:4 RGB to prevent loss through colorspace conversion, you can create JPEG files that store any 8bit picture losslessly. It will be larger than a BMP for some of them but that is correct for any lossless format.
That is actually something I really dislike. Lossless and lossy formats should be immediately distinguishable.
What if I told you JPEG can be lossless too? By dialing the quality to 100% and using the rare setting of 4:4:4 RGB to prevent loss through colorspace conversion, you can create JPEG files that store any 8bit picture losslessly. It will be larger than a BMP for some of them but that is correct for any lossless format.