Lately, I've been seeing everyone arguing about who has higher TPS on L2, who is cheaper, who offers more subsidies—basically, everyone just wants to attract users. But what I’m more anxious about is: how far can on-chain privacy really go? I used to think “address doesn’t equal me,” but now I realize more and more that the blockchain is just a super long ledger. If you transfer a few times, interact with certain parties, or where the funds come from, someone who digs deep can almost piece together a pretty accurate picture.

On the compliance side, don’t expect “completely ignoring” it either. Large bridge transfers, entering and exiting exchanges, or touching sensitive contracts are statistically more likely to attract attention. My current expectation for regular users is: privacy can only reduce the chance of being casually watched, not a get-out-of-jail-free card. If you’re going into gray areas, don’t fool yourself into thinking “being anonymous is safe.” I don’t have any magic tricks either… just avoid putting all your assets in one address, don’t click on strange links out of curiosity, don’t trade too frequently, and before impulsively placing an order, think through your transaction history first. That’s all for now.