Confidence, Man

As the FTX.com implosion rippled across my timeline this week, and I watched web3 wunderkind Sam Bankman-Fried go from being one of the good ones – a team player, a real pro, Mr. Best Practices, the smartest guy in the room, crypto’s man in DC – to being … well, just another finance guy who blew himself up and took the system down with him (it’s a big club), I thought back to a DM exchange I had with populist lefty policy wonk Matt Stoller during the moon phase of the most recent web3 mania.