Recently, I keep seeing a bunch of meme stories where a celebrity says a couple of lines and everything takes off. Newcomers get excited and want to charge in. The old players advise, “Don’t take the last baton”—it sounds like a buzzkill, but I’m really not pretending to be wise… On-chain stuff, put simply, is fully transparent by default. A lot of your “privacy” is often just that no one has bothered to dig into it seriously.

People think: Putting it on-chain = anonymous, so I can play around and they can’t find me.
In reality: An address isn’t a name, but your behavior is like a fingerprint. Once exchanges handle it in a compliant way and match it with on-chain analysis, it’s pretty hard to pretend nothing happened.

My current expectations for privacy/compliance are: don’t count on absolute invisibility. What you can do is leave fewer traces, avoid cross-linking, and don’t tie your personal information and address together too tightly. And project teams shouldn’t treat a “privacy narrative” as a get-out-of-jail-free card either—some even quietly stuff monitoring/blacklist modules into the budget of that sort. I’ll keep voting against it. That’s it for now.