Today I was tidying up the desk and found an old alarm clock, which made me think of the issue of on-chain privacy: You think you're "anonymous," but it's more like the ticking of an alarm clock—tick-tock, the data is always ringing, you just haven't heard it. To put it plainly, ordinary users' expectations of privacy shouldn't be too romantic: not writing your name on your address ≠ no one can piece you together, especially once you've dealt with exchanges and fiat channels, the compliance line is basically right there.

I'm now more inclined to treat privacy as "reducing the cost of being watched," not "disappearing." Any tools are fine, but don't expect to counter all on-chain analysis + risk control linkage; at the same time, don't self-castrate just because of "compliance" and dare not do anything—mainly, avoid obvious dirty money routes, don't recklessly authorize for convenience, better to wait an extra block and save that tiny fee.

Recently, modularization and DA layer discussions are flying high, developers are excited like it's New Year, and it's normal for users to be confused... Ultimately, privacy/compliance still depends on how your transaction is ordered and marked. Anyway, my personal expectation is simple: expose as little as possible, but don't expect invincibility. That's all for now.