These days, watching large transfers again, I see the familiar storyline: claiming privacy needs freedom, yet fearing "greetings" from exchanges. To put it plainly, ordinary users' expectations for on-chain privacy shouldn't be too romantic—on-chain is transparent by default, and privacy is more like "pulling the curtains," not moving the house; if compliance checks happen, the timeline, linked addresses, and deposit/withdrawal points are all there.

The new L1/L2s are starting to offer incentives to boost TVL, and I understand the old users' complaints of "mining, harvesting, and selling": you think you're just farming, but on-chain, it’s like you're tagging yourself. When the wind shifts one day, these diligent wallets will be the first to be traced. My approach is quite cautious: split funds into smaller amounts, keep the paths simple, avoid using mysterious "privacy" tools, and leave some explainability—it's more practical than pretending to be mysterious… Let's see what happens next.