HiFi vs MidFi


I’m a relative noob to the audiophile scene, having just invested in an integrated amp and upscale (for me) speakers.  From time to time, I hear the term “MidFi” for some components.  Is there an objective or just largely accepted definition for this term?  I’d be curious to hear feedback on what constitutes HiFi vs. MidFi across various components.  
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Since I just posted in the thread here about why people don’t use CRT TVs anymore and the huge price I sold my Sony tube for, I’ll continue with a video analogy.
In the color grading world of video, we have to make color shift changes very quickly, or look away for a bit as our eyes self color balance. Look at an image shot too orange for a couple of minutes and our brain sees it as much closer to neutral. I think our hearing may work the same way. We adjust our hearing/interpretation to represent what we’re supposed to be hearing.


I was away from home for a year during 2020 due to covid and wanted to set up a small modestly priced system to enjoy, even though there was a crappy old stereo there. I ended up with a used Hegel H190 all in one unit, a house brand bookshelf speaker Underwood audio sells direct (a very good value at $2500), pair of their Diamond cables and an very old used Furman ref 15 conditioner, and a $120 AQ power cable from bestbuy. I was streaming Qobuz via Ethernet converted to WAV. Even though the speakers had gotten very good reviews, were touted as a Joseph audio Pulsar beater, and had a beryllium/copper tweeter (I still have no idea what that really means) the system wasn’t great. I couldn’t treat the room except to control first reflection points, but did have them 4 feet or so from rear wall, which was a must for me.

Finally my GF came to visit me and she brought my EtherRegen isolator from home. The system got quite a bit better, and then I started playing with putting weights on the 25lb speakers which I thought finally made them provide a slice of high end sound. I was pretty pleased With the little $8k (or so retail) system I had put together.

When I finally returned home and played some of the same tracks, I realized that while that modest system certainly made noise and provided enjoyment, my ear had adapted and fooled me into thinking I was hearing something that I wasn’t.