Lately I've been looking into on-chain privacy-related stuff again, and the more I look, the more I think ordinary users shouldn't have too many illusions: privacy ≠ invisibility, it's more about "not letting passersby flip through your wallet at a glance." The compliance side is also quite realistic; platforms/entry points need to be accountable, and if you want to leave no trace at all, you're basically fighting yourself.

At first, I was pretty excited, thinking that with some tools I could come and go freely, but I later realized that a truly stable expectation should be: expose as little as possible, but don't expect to fight against a full set of risk controls and on-chain analysis. Recently, people have been arguing about rate cut expectations, the dollar index, and risk assets fluctuating together. In plain terms, when emotions run high, privacy tools will also be scrutinized more closely... My current approach is quite simple: separate addresses, minimize permissions, avoid clicking randomly, for now, that's it.