Recently, someone asked me again what to expect regarding on-chain privacy. To put it simply, the blockchain is not a social circle; it's a loudspeaker. Not writing your name on an address doesn't mean no one can figure out who you are; using mixing or privacy tools doesn't mean you "disappear." At most, it raises the cost of correlation, but once compliance lines are crossed, platforms, deposits and withdrawals, and even your common behavior patterns can still trace you back. I think ordinary users shouldn't expect absolute anonymity; it's more about "exposing less, leaving fewer traces." Don't bring the payroll card mindset into this.

By the way, the NFT royalty war also seems quite similar: everyone wants creator income and smooth liquidity in the secondary market, but it ultimately comes down to "who enforces it and how to track." Privacy and compliance are also the same contradiction—don't expect the blockchain to make moral choices for you... I try to separate addresses and keep my daily accounts and on-chain actions less linked, saving some trouble where I can.