Hi nonoise, Watermarking does sound bad, but while I hear a difference between streamed music and cds, I don't hear the fluttering. Would you post a link to that interview? I'd like to read it although it's probably over my head too.
Here is an article from Nov. 2017 where Tidal has agreed to implement Album Loudness Normalization proposed by Eelco, which seems to preserve dynamic range:
https://audioxpress.com/news/tidal-implements-album-loudness-normalization-and-activates-it-by-default-for-mobile-players
"Tidal adopted album normalization at -14 LUFS and followed my recommendation to turn loudness normalization on by default. This is not only convenient for the listener, but it also helps to end the Loudness War since there is no advantage anymore in squashing the life out of a master. Such a track will just be attenuated more in the Music Streamer’s app and make less impact than a dynamically mastered track. I am very excited about this development. The majority of music consumers world wide now listens to loudness normalized music. I hope that the few remaining streaming companies that do not offer loudness normalization by default will follow soon.”