I don't really care for physical content anymore. Biggest positive is that you know exactly where it is and takes up zero physical space Biggest negative is if the storage media it's on fails, you lose it.
Ah. But even through it happens less often. Your hard drive or SSD can also break. I always recommend online storage options for none physical music. Also you can take physical copies of discs and legally extract the songs onto your hard drive (As long as you don't upload them of course.)