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1 complete trust or confidence in someone or something.
skepticism |ˈskeptəˌsizəm| (Brit. scepticism )
1 a skeptical attitude; doubt as to the truth of something.
We all have to have faith. When my friends tell me they had a fun night out, I base my faith in that statement on the knowledge I have about my friends. Usually I don't require much proof from my friends, because I believe in them. But exceptional claims require exceptional evidence - which science provides and religion doesn't. That is why your interpretation of faith doesn't really work for me. The skeptic has faith in a system that sorts truth from fiction, the faithful have their faith, and that is it.
Your definition of the word skepticism is not to my satisfaction. There is no doubt that the word may be used as you displayed. But the word holds much more meaning, than what you are implying.
These definitions you've presented are close enough for me, but in reality, we all have our own definitions - some are so far off that they get offended when their definition is not close to the dictionary's general definition (but after all COMMUNICATION is the purpose of language).
It doesn't have to be one way or the other - you could choose to live through observation instead of questioning things all the time or believing things without evidence and winding up disappointed later.
If you only want me to choose one or the other, I would choose skepticism. Having faith in something that is not true can be dangerous depending on what the belief is (Christian Scientists not using medicine) at least questioning things all the time gives a sense of caution.
“If you wish to converse with me,” said Voltaire, “define your terms.” How many a debate would have been deflated into a paragraph if the disputants had dared to define their terms! This is the alpha and omega of logic, the heart and soul of it, that every important term in serious discourse shall be subjected to the strictest scrutiny and definition. It is difficult, and ruthlessly tests the mind; but once done it is half of any task.
Will Durant, The Story of Philosophy
1 complete trust or confidence in someone or something: this restores one's faith in politicians.
2 strong belief in God or in the doctrines of a religion, based on spiritual apprehension rather than proof.
• a system of religious belief: the Christian faith.
• a strongly held belief or theory: the faith that life will expand until it fills the universe.
fidēs f (genitive fideī); fifth declension
Since skepticism is never applied after being confronted with evidence, only before!