It’s quite interesting. Lately, I’ve been looking at options-chain data and suddenly felt that “time value” is pretty similar to the narrative of social mining. Buyers always think they’re buying the future, but sellers are actually harvesting other people’s anxiety every day. Put plainly: time is a consumable for buyers, but it’s a compounding tool for sellers. I have a habit: I start recording the funding rate and changes in open positions before each options expiry—not to arbitrage, but to figure out who gets eaten by time in the final moment. Fans’ tokens have also been getting hot recently, but can attention really be counted as “mining”? It feels more like another form of time value—what you pay in attention could be revenue for the project team, and for you it might just be a sunk cost. That’s it for now—keeping this habit, at least it lets me see whether I’m also being eaten by time.

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