These days, the more I look into on-chain privacy-related things, the more awkward it feels: I want to avoid having my entire life pulled apart by some casual snooping, but I also don’t want to cross those red lines that are clearly going to get you flagged by compliance at a glance. To put it plainly, ordinary users shouldn’t hold overly romantic expectations of “privacy.” On-chain openness is the baseline; what you can do more than anything is reduce linkability (don’t let one address run everything, and don’t string together your salary/transactions/loans), rather than striving for total disappearance.

Don’t entertain the idea with compliance either—“it’s okay because my amounts are small.” A lot of the time, it’s not the size first; you get boxed in by the risk labels tied to the paths, the tools, and the counterparties. Recently, funding rates are at extremes—whether the group is arguing about reversing or continuing to squeeze out the bubble—I actually care even more about this: in a moment like that, if I impulsively and frequently switch positions, my address profiling becomes even clearer… which is pretty awkward. For now, let it be like this—if you can, layer it; don’t plant landmines for your future.