After watching the options order book for a while, I’ve got a feeling: the buyer is fighting against time, while the seller is collecting rent. Time value—plainly put—is just constantly gnawing at the buyer’s patience. If the market doesn’t follow your script, even if your direction is right, you may still get ground down to zero. The seller looks steady, but once you run into that kind of “suddenly goes haywire” market, the little bit of premium collected earlier is almost like pocket change.

Recently, the community has been arguing about privacy coins, coin mixing, and the boundaries of compliance—it's the same human nature. Everyone loves freedom in normal times, but when you really get hit with a one-size-fits-all cut from risk control, they start attacking each other. In any case, I’d rather trouble myself with a bit more effort now: use layered wallets, don’t mix your commonly used addresses with random, messy interactions, and wait a few extra minutes to confirm before transferring—so you don’t one day get inexplicably treated as “you also participated.” Time will wear people down, and so will risk control. That’s it for now.