Will technology make records obsolete one day?

For as long as there are records they will not be obsolete to the audiophiles, some music lovers and collectors. They are already obsolete to others. But master tapes and records will deteriorate in time and become unlistenable. For how long can records survive ? No one knows so far, maybe a few centuries. They should figure out how to preserve analog recordings in analog not digital. I didn't hear anything about it and I don't think there are many who are interested, just read Audiogon forum with people talking about listening to analog recordings on cds and streaming. Maybe not all of them have s..t for brains but they certainly have no real hearing.

as long as the Artists, Music Producers, Engineers, Business Managers, strive for  

"this bar"

then technology will not make records go obsolete.

So, IMHO, money will be put to work in developing digital streaming and sound quality will eventually improve to where it is considered the best available.

Exactly. Exactly what was said when the "perfect sound forever" CD came out. And HDCD. And SACD. And probably at least half a dozen in between and since. Which, anybody even remember HDCD? Exactly my point. Obsolete is digitals middle name.

millercarbon, digital (streaming, cd, dvd, sacd, downloads) were 96.4% of music revenues in 2018.  That's a long way from being obsolete. 

My CDs, HDCDs and SACDs still play just fine and not a single digit has been lost to wear, no matter how many times they've been played.  Now I have access to millions of albums through streaming.  How many of the albums released yesterday do you have access to on vinyl?  I can hear just about any of them any time I want.

Don't feel threatened by digital.  If someone enjoys digital it doesn't make your Lps sound any worse.  Enjoy your music any way you want.  That's what it's all about, or at least it should be.