Rodney_Gold wrote:
> ... and even if you are talking digital , where the notion (wrongly)
> is that the signal is 1's and 0's (its an analog sine wave) ...

Rodney,

Assuming you are talking about SPDIF here, the digital information is 
actually transmitted using Biphase mark code. [1]

R.

[1] http://en.wikipedia.org/wiki/Biphase_mark_code

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