Recently, someone asked again, "Is on-chain privacy just = doing whatever you want?" I feel that ordinary users should really not have this expectation... Frankly, most of the time on-chain is "pseudonymity," not "invisibility." You may not have your ID linked to your address, but your transfer paths, interaction partners, and timestamps are all there. If someone really wants to track you, they can quickly piece it together.

My mom also asked me yesterday: "If I use a hardware wallet, then no one can trace me?" I replied half-joking: "Hardware wallets mainly prevent you from losing your private keys, not giving you a cloak of invisibility..." Plus, now hardware wallets are out of stock, phishing links are everywhere, people's security awareness has improved, but they are also more easily fooled by "fake official websites/fake airdrops."

My own expectation regarding the boundaries of compliance is: exchanges that need to KYC can't avoid it; on the blockchain side, don't actively tie yourself to real-world identities (like posting your address everywhere, using the same address across multiple apps). The rest should be treated as "chatting in a public forum," don't be too naive. Anyway, I now try to use different addresses for voting/proposals to avoid having my entire history pulled out and used as jokes later... I enjoy watching the show, but I don't want to become part of it.