What Does It Mean To Be A “Good-Faith Skeptic” & When Is “Bad-Faith” Warranted

Reflections Prompted By A Conversation Between a16z Crypto Leader Chris Dixon & The Verge’s Nilay Patel

“Good-Faith Skeptic.” It’s a characterization that has been tossing around in my head since reading Chris Dixon’s tweet about his interview with the Verge’s Nilay Patel. It was crypto true believer in a conversation with a crypto skeptic, but containing a foundation of mutual respect, curiosity and, I think, a fundamental love of technology. Here’s a transcript of the podcast if you want to click over to the source material.

For purposes of crypto, consider me an optimistic skeptic? Maybe one with less tolerance (and more judgment) of what I consider to be actors in the ecosystem who are greedy, exploitive, or selfish, but also certainly not willing to write off the entirety of what we’re seeing. My most personal interest is in the collective ownership aspects, having long believed that the only structure which can beat the network effects of entrenched marketplaces are cooperatives, where the participants ARE the platform.

But I should also be transparent with you. Nothing else in this post is going to take a ‘side’ with regards to cartoon apes, decentralized token protocols, or stablecoin…