Lately I've been looking into privacy again. To put it plainly, ordinary users shouldn't expect "complete anonymity." On-chain addresses are like wearing a mask when going out; they can block some wind, but at intersections (exchanges, fiat gateways, various data services), it's still possible to match identities most of the time. Compliance isn't black and white either; it's more like a moving line: interactions that seem harmless today might attract close attention tomorrow.

Developers are excited about modular and DAO layers, while I focus more on how funds move: when narratives shift, active addresses seem to migrate along with them. The surface looks calm, but undercurrents are constantly pulling.

My own clumsy way to avoid impulsive trades: when I feel the urge that "it's about to take off," I first close the page and do something else. If after half an hour I still want to buy, I check on-chain transfers and whether large addresses have moved. If they haven't, I consider it a missed opportunity and accept a smaller loss as a gain.