Lately, I've been a bit obsessed with options markets: every morning, buyers wake up to find the time value decreasing, like silently having their wages deducted; sellers, on the other hand, are just waiting to "see you run out of patience." Basically, buyers are betting on a "maybe it will explode" future, while sellers are selling the boredom of "probably nothing will happen." The most frustrating part is when you're right about the direction but not fast enough—when implied volatility drops and time passes, it feels like you haven't really won.

By the way, this airdrop season also makes me think—point system + anti-whale measures are pushing people to act like clocking in at work; the time value isn't decaying on the chain, but in your life... Anyway, I now better understand why sellers love being "rent collectors," but when you encounter a market that pierces all risk controls with a single needle, it's a whole different story. So, who is really eating whose time? You guys can figure that out.