Last night, I was scrolling through on-chain data until my eyes hurt, and I suddenly felt a bit discouraged: what we call "privacy" for ordinary people might just mean not acting like a transparent person, but don’t expect to be completely invisible. To put it plainly, on-chain addresses don’t have your name attached, but behavioral profiling is too easy to do, especially once you link your address to exchanges, social accounts, or KYC, then it’s basically "traceable but not necessarily immediately trace you."

My current expectation for the compliance boundary is: you can reasonably protect yourself from harassment and targeted phishing, but don’t use privacy as a shield to do clearly overstepping things. Platforms and project teams will also increasingly "prefer to block a bit more." Recently, social mining and fan token attention mining look lively, but I’m more worried that everyone is packaging their addresses, social relationships, and behavioral tracks to submit for points... I can draw a diagram of where the hype comes from, but losing privacy makes it hard to draw back. That’s all for now, I don’t want to look at the market too much today.