Recently, the group has been discussing stablecoin regulation, reserve audits, and various rumors about "de-pegging." Everyone's emotions flare up, and they start screenshotting and forwarding each other. As someone who does miscellaneous DAO work, I've become a bit numb after seeing it so often: on-chain privacy, to be honest, ordinary people shouldn't expect to be "invisible," it's more about not revealing your cards blatantly; don't expect to completely bypass compliance either, the places that can restrict you aren't necessarily on the chain, often it's in deposit and withdrawal records and the data you leave behind. Later, I found it quite funny—while worried about being watched, my wallet address is still tightly linked to my social accounts. Anyway, my expectation is: privacy is a cost, compliance is a boundary, don't treat single points of risk (a certain coin or platform) as "stable," diversify a bit, be less impulsive, and that's it for now.