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Well, where would I start...
The part about the receiver and decoding I merely meant that when the main movie rip is played if the dts master audio light would come on the receiver indicating that it was the same audio as on the disc.
Geez, this is most complicated way of verification of a content. Have you ever heard of MediaInfo or BDInfo? Google it, download and install, it's free. You can run report for source content and processed content, and compare them.
I know there is no encoding when you select bd50, I meant decoding the audio stream.
I can only suggest here is to Google or WiKi for "decoding" and "encoding" and try to read what you just said, again. I think you meant downconverting audio stream...
You don't understand what ripping a lossless copy of the main movie means? A copy of the main movie that has not been encoded to a smaller size? Am I not understanding that right?
I guess I understand what you trying to say... It just inappropriate use of word "lossless" got me a bit confused. FYI, there are practically no lossless content out there. It's all compressed. Again, visit WiKi and see what lossless content really mean...