Recently, the more I look at options, the more they seem to be about "time" itself determining who settles: buyers wake up every day to be bitten by time value, even if the market is stagnant, they are bleeding; sellers appear to be collecting rent, but in reality, they are bearing tail risk, and a big wave could make them vomit up all the gains they previously made. Basically, it's a bet on direction + speed, a gamble that nothing will happen.

These days, I also see the incentive programs and points systems on testnets; everyone is guessing whether the mainnet will issue tokens... I can better understand why so many people love being "buyers," afraid of missing out; but my engineering mindset still reminds me that no matter how fast the bridge is built, you have to consider the worst-case scenario, and not treat "time" as a friend. (Now, whenever I see points, I reflexively think: is this just another time tax?)