These days, watching everyone fight over testnet incentives,earn points, and even guessing "Will the mainnet issue tokens," I started thinking about this little matter of options: who is really being eaten by time value. To put it simply, the buyer is buying "possibility," waking up every day to be worn down by time; the market doesn't move, they still lose; it moves but not aggressively enough, they still lose. It's quite like grinding tasks until your hands are sore, yet not necessarily getting airdrops—really frustrating. Actually, the seller is more like a casino operator, collecting that small time fee from you; if the market is stable, they slowly pick up profits. But if a black swan appears, or parameters are changed, or permissions are stolen (don't pretend you've never seen it), a single needle pricking the balloon can burst it, and the small change they previously collected might not be enough to cover the loss. Anyway, now I always ask myself when looking at contracts: am I betting on "volatility," or am I betting on "nothing going wrong"?