A folder of correctly ripped, correctly tagged, sensibly organized music files is worth more than any streaming subscription, and it only takes an afternoon to set up properly.
Don't just drag a disc into whatever your OS offers by default. Use a ripper that verifies accuracy against AccurateRip, a database of checksums from other people's rips of the same disc, so you know your copy actually matches the source instead of silently including a read error. Exact Audio Copy on Windows, XLD on macOS, and fre:ac on either are all free and all do this.
A lot of music never needs a CD at all. Bandcamp sells FLAC downloads directly from the artist, at whatever bitrate they uploaded, no ripping required. Between that and CDs you already own, most people can build a decent lossless library without touching a torrent.
Inconsistent metadata is the actual reason most local libraries turn into a junk drawer, not the file format. MusicBrainz Picard is free, cross-platform, and matches your files against a real database to fill in artist, album, track number, and year automatically instead of you typing it by hand fifty times.
Floyd, like most folder-based players, doesn't need a database or an import step: it just plays what's in the folder. That works best with a consistent layout:
Keep cover art as a separate cover.jpg instead of embedding a
large image in every single file. It keeps file sizes sane and most players,
Floyd included, will pick up a folder-level cover automatically.
The tradeoff for owning your files instead of renting access to someone else's server is that you're now the backup. A local drive plus one copy somewhere else, a NAS, an external drive kept offsite, cloud cold storage, is enough to stop a single hardware failure from taking a decade of ripping with it.
Why a local player still matters · MP3 vs FLAC · Winamp and the MP3 wars