I've been thinking a lot lately: options buyers vs sellers, essentially who is losing out to time value. If you're the buyer, even if your direction is correct, you still have to race against time; if the market drags on for a couple of days, theta erodes little by little like a tiny knife. As a seller, it seems like you're collecting "rent" on the surface, but you're actually picking up others' anxiety, while also holding the tail risk in your pocket—if a sudden spike hits, it can be very painful.

These days, I've also seen the narrative around modularization and the DAO layer; developers are excited, but users look confused... I'm confused too. When there's too much information, I tend to get itchy. My filtering method is pretty crude: I don't look at long-thread debates, I first focus on whether there is continuity in large orders coming in and out of the market, then ask myself, "Am I trading just because I'm bored?" If not satisfied, I turn it off—just like that for now.