Options, put simply, are like a slow-moving water pump that gradually drains value over time. If you’re the buyer and you got the direction wrong—or even if you got it right but moved too slowly—the premium gets worn down a little every day. If you’re the seller, you’re basically betting that “nothing major will happen.” You earn a kind of anxiety tax, but when a black swan really strikes, it can make you give back all the small money you made earlier—and then some.

Recently, the economic-collapse playbook I’ve been seeing in chain games also looks pretty similar. Once inflation comes in, studios hold back on selling; the coin price spirals downward; time doesn’t stand with anyone—it only makes it faster to eat away the “imagined break-even return curve.” Anyway, what I care about more right now is this: am I actually buying volatility, or am I just letting time work for me? For now, that’s it.