I just checked the income curve of a miner friend of mine, and recently it’s actually kind of interesting. During the days of the mainnet upgrade on the public chain, the transaction fees jumped like an ECG. Some people guessed that the miners were planning to run, but in fact, when you look at on-chain data, the hashrate has stayed pretty much the same, and liquidity hasn’t moved much either.

When it comes to options, the buyer and the seller are like the ebb and flow of the tides. Buyers always think that time can be exchanged for a blow-up rally. But in reality, it’s the time value gradually eating away at your option premium—just like how we watch the miner rig revenue curve, seeing it slowly flatten out. Sellers, on the other hand, just sit on the fishing pier, collecting a bit of time premium every day—like seas receding, leaving shells on the shore.

In the end, whoever can last through time in this industry wins. As for me, I’m not the type who likes to tinker—I just like watching other people lose the time value while they’re busy messing around.