I did a lot of torrenting back in the 2000s, but thinking back on it I spent a ton of time finding things, organizing my file system, transcoding, editing metadata, etc. I do not miss that hassle at all now.
Personally, I buy music rather than torrent, but the pace at which I buy new music (either on bandcamp or physical CDs) costs me about the same as a Spotify premium subscription anyways, only I get to keep the music forever.
To provide you with another answer, most of the artists I listen to aren't on any of the music streaming services. Because local underground bands whom only have CD's handed out at their shows rarely exist outside of the pirating scene - which has a knack for distributing local underground bands with limited release/number of CDs. A small percentage of the bands/artists are on Spotify or Bandcamp but most aren't.
I buy what I can because I enjoy having the album arts but most of my music cannot be purchased or streamed.
There's also no guarantee that the streaming services will still exist in 10, 20, 30+ years - but there is an almost 100% chance that the hardware and software necessary to listen to or convert .flac will exist for me to continue to listen to my music.