Nothing. But MP3 is already being replaced by other lossy formats that claim to offer better sound quality while creating smaller files.
Creating a collection of your music in digital form, you may end up with a huge number of files in MP3 format, and then realise that nobody uses MP3 files anymore. So you'd have to start again and create all your music again in the latest format.
The advantage to creating your collection using a lossless compression format is that each file will be identical, in terms of information, to the original. The music stored in a lossless audio file will be exactly the same as the music stored on the CD (or other audio source) you created the file from.
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