I recently reviewed why I always end up preferring to be the options buyer. To put it plainly, it’s because I want to use a small amount of money to buy a ticket for the “what if the market goes berserk” scenario, so I can sleep easy. But time value is really that realistic—if you don’t touch it, it bleeds away every day. By the end, it’s not that you misread the direction; it’s that even if you read it correctly, you still don’t catch the timing. On the flip side, the seller is like collecting rent—slowly taking in that time value, as long as you don’t run into a black swan that flips the whole house over. So what I’m more conflicted about now is this: am I spending money to buy peace of mind, or am I working for the market and paying rent…

Also, lately during the airdrop season, the task platforms have been getting stricter and stricter about anti-bot/anti-sybil measures. The points system has turned “farm the rewards” types into people clocking in like they’re at work. Watching it happen makes me anxious: time is getting eaten by whoever—on-chain or off-chain—it’s the same flavor.

For now, I won’t think about it.