Recently, I saw someone talking about on-chain privacy, saying it sounds as cool as a cloak... But honestly, ordinary users shouldn't think of "privacy" as "immunity from consequences." My current expectation is: what can be achieved on the chain is making it harder for outsiders to monitor you, not that compliant parties will never find you; when it comes to deposits and withdrawals on exchanges, or fiat on-ramps and off-ramps, traces will still be left.

And these days, the L2s are arguing loudly over TPS, fees, and ecosystem subsidies. I'm actually more concerned about: which data does the chain you use default to expose openly, and which data is just "appearing very private." Anyway, after being led by "narratives" for the third time, I’ve learned my lesson: minimize exposure where possible, but don’t stake your position on "they can’t find out," as that can easily deceive you.