Most people love low quality. Please allow using low quality intermediate processing, instead of having only 16-bit PCM, 24-bit PCM, and confusingly, 32-bit float for intermediate processing. You missed 32-bit PCM (what you thought would be the future entirely), 8-bit PCM, 8-bit u-law and 16-bit float. If you tell me to use another program, you are being selfish, and lazy, as no program has the features of Audacity.
And no, even if I could do 8-bit quality in one click, it still isn’t a solution. A single effect or even draw will ruin it.