What the Best Dac have you heard or owned. How could you tell it was that good.

The best I've heard is the Wadax Reference in Mike Lavigne's system, and prior to that, the MSB Select 2.

In my System, the Rockna Wavedream Signature was a huge step up from all DACs I had heard previously.  

Both Mike's digital and mine make me feel that from a sound quality standpoint, I could easily live without vinyl.  I don't think I'll ever step away from vinyl though, as for me it is a much more involving experience.

I was frankly quite anxious about hearing the Wavedream for the first time as I thought my digital was already really good and I really stretched my budget to acquire it.  I was afraid there wouldn't be much difference.

Thankfully, the differences were immediately and dramatically noticeable.  Dynamics in particular were in another league, the music was so much fuller and vibrant, but things like detail, neutrality, and soundstage also improved noticeably.  

All digital is not the same.

The best DAC i have owned is the one I am currently using, the Esoteric D-05. I auditioned several DAC's last year to come to a decision. Among them was the Benchmark, the Bryston BDA3, my old EAD 3000Mk3, a Sim Audio ( don't remember the number), and a ARC DAC8. What i really like about the Esoteric, besides the build quality, is that it uses dual mono DAC chips, and this seems to be where it has an advantage over the other DAC's I heard.

@daveyf i recently demoed an esoteric N01xd.  I was actually impressed by it. They make really high level gear. 

This is a great question! I mention brand names to give credibility and context. I have owned a Wadia 16, then to an Oppo 205 with the modwright mod, to an entry Naim Streamer/DAC, to a DCS Bartok, to a pre-APEX DCS Vivaldi Stack, to a Lamizator Pacific, added a Mini DSP SHD for sub crossover, currently have a Lamizator Horizon and a Grimm Mu1 streamer. 

I rapidily went forward through DACs starting 5 years ago. The changes in sound moving up DACs were smaller incremental improvments. Still the sound did not have "life" to it. It was interesting more for its resolution of details rather than it's engaging sound.

One day I decided to run my entire system through the DAC in the MiniDSP SHD,  which has many functions including a DAC, but costs only $1400. Doing a shootout with a Vivaldi stack agaist a $1400 multi-tool sounds crazy, and it was...the sounds were dangerously close together. I immedialty decided to sell the DCS gear as sonically I saw the "Value" as a sham. I am not saying the MiniDSP beat the Vivaldi, I am saying it was very close and could not justifiy the price difference. After lots more research I bought a Lampizator Pacific DAC and ran it with my Grimm Mu1. The sound was different in a good way, moving away from the "generic" sound I had found so far. What I think the DCS APEX upgrade was attempting to address is to add "life" to an otherwise pretty lifeless anylitical sound. I am not knocking DCS as they make great gear and super solid software. The Vivaldi DAC was 10 year old technology when I owned it, impressive gear. 

The Lampizator house sound has more "life" to it than I have found to date in other DACs. When the new Lampizator Horizon came out I took the trade in offer. When I heard the Horizon in my system I easily knew this was the best DAC I had heard to date. The best DAC developers are all focusing on getting "life" put back in the digital rendering. They are getting closer and closer. This is a very exciting time on this digital journey. 

My parting message after that long write up, is that I found it very hard to sonically justify changing DACs in the 25K and lower region. I could hear differences, but kind of like testing powercords at a lower price point "I think it sounds better, but I'm not certain I like the trade offs". The sub 25K DACs all sound pretty good, but they typically lack that "life" that is so elusive. I am listening to as much "life" in my digital music as I can find and afford with the Grimm Mu1 streamer and Lampizator Horizon DAC.

@wokeuptobose i can definitely understand your analysis.  Some people think folks are being snooty but there is a lifelike experience with a lot of the higher end dacs. When I hear voices it feels like I’m there in the hall with him. It seems like I can hear the reverbs of his voice. In FINK’S song TROUBLE IS WHAT YOURE IN.  You feel the voice and the the notes jumping off the guitar in a live show. In the lower end dacs I don’t get that. Some will say the extra 7-20k or more on top of what they paid isn’t worth getting a super dac. For some of us it’s worth it for a lot of folks that’s overkill but when you hear a lifelike performance like that. There is no going back.