Recent years, people keep asking me, "How far can on-chain privacy really go?" I feel like I should lower my expectations: on-chain isn't an invisibility cloak, more like a glass film that can block the view of passersby, but if you want to pursue compliance seriously, the links, entry points, and exit points can still be traced. Ordinary users probably don't want "complete disappearance," but rather to avoid being exposed entirely online or having their wallets publicly revealed and social death.

I can also understand the criticism of the layered staking/sharing security approach as a "nested doll" scheme; the compounded returns sound attractive, but layering them makes the compliance boundaries more like standing on tape: it looks stuck, but pulling slightly causes it to lift. There are many tutorials, but I prefer those that explain "at which step you'll be exposed and how to adjust expectations reasonably," not seeking mystical privacy, just aiming to avoid pitfalls... Let's start with that.