Recently, I’ve been looking at options, and it suddenly feels like the buyers are doing time’s bidding: every day they wake up first, only to get “time value” snatched from them—if the price doesn’t rise, it just slowly evaporates; the sellers, on the other hand, are like collecting rent, but don’t pretend you’re steady—when you really run into those needles of a sudden plunge and a sudden surge, your mindset gets blown up outright. Last night, I was also staring at a big on-chain transfer: after 0x8c…f2a moved funds into an exchange, the order book immediately started to tremble, and the seller’s little bit of confidence in “calmly eating the decay” instantly fell apart. Now it’s also all the rage to bundle RWA, U.S. dollar bond yield, and on-chain yield products together and compare them—put plainly, everyone is looking for something that “time is on my side with,” it’s just that some people use interest, and others use volatility… Anyway, I’ll just take a small position to watch the show—don’t think of yourself as a friend of time.