Lately, there's been talk about on-chain privacy. To be honest, my current expectations are quite "ordinary": don't expect complete invisibility all the time, and don't treat compliance as a flood of disasters. Privacy is more like the right not to be casually exposed, but when big issues arise, those who should be pursued will still be pursued... The boundaries are quite subtle. Anyway, I just assume: transaction records are always there, and what can be done is to minimize revealing connections and avoid accidental authorizations.

A couple of days ago, before and after that mainstream public chain upgrade/maintenance, the group started guessing whether the ecosystem would migrate. I think whether it migrates or not is one thing; the long-term issue is the friction between privacy experience and regulation. Users will vote with their feet, but it's also very realistic: they want it to be easy to use, cheap, and not full of surprises. I’ll watch the excitement, wait during the quiet times, and I still believe.