Recently, I saw a bunch of people talking about "data availability, ordering, finality" as if it were some kind of mysticism... To put it simply, just follow one line: whether the transaction you see can also be seen by others (data), who is first and who is later can be manipulated (ordering), and whether it might suddenly change or be reversed (finality). When these three are mixed up, no matter how good the narrative sounds, it's just noise, and liquidity moves faster than anyone.


By the way, the boundary between privacy coins/mixing coins and compliance is now very contentious, and the more they argue, the more it seems like trying to find answers in the noise.
My noise-canceling strategy is pretty simple: only focus on how the actual settlement happens on-chain and where the funds are flowing, and treat everything else as emotional garbage to filter out first.
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