Lately, working on "address small broadcasts" has become more and more insightful: blockchain is indeed transparent, but transparency ≠ everyone can understand it. For ordinary people, my current expectation about privacy is quite simple—don't expect to be "completely invisible," at most make it less easy for passersby to match you with your real-world identity at a glance. If you really want to be compliant and trace you, the exchange's KYC process and deposit/withdrawal steps are basically unavoidable.

These days, I also heard rumors about some regions increasing taxes and tightening/relaxing regulations, and the mood in the group immediately shifted: it's not about fearing price fluctuations, but about being stuck with "can't withdraw/unclear explanations." To put it plainly, on-chain you can transfer however you want, but once you enter or exit the fiat world, you have to accept its rules. Anyway, what I care about more now is: don't authorize recklessly, don't stack all assets into one address just for convenience, leave some layers, and feel more at ease. How about you?