Recently, watching the options market makes me feel something: buyers are constantly racing against the clock, and the time value is slowly chipping away at your patience bit by bit; sellers, on the surface, look like they’re collecting rent, but in reality they’re tucking the “black swan moment” into their pockets. Normally they profit from time, and when things go wrong, they lose their lives. Put simply, time value isn’t conjured out of thin air—it’s someone paying for “uncertainty.”

The same problem is why I always love voting “no” in governance: if incentives are issued recklessly, time value gets burned recklessly—so who ends up footing the bill? The community. By the way, right now hardware wallets are out of stock, and there are phishing links flying all over the place. Don’t skimp on that confirmation step—if you get phished, you can’t make it back no matter how many options you sell afterward. This is ridiculous.