Lately I've been thinking about on-chain privacy again. To be honest, ordinary users shouldn't have too high expectations: most of the time you're not "anonymous," you're just "not being watched right now." Once you link your on/off-ramp transactions or your centralized platform account, many traces can actually be traced back through various clues.

I also find the boundaries of compliance quite awkward: it's not that you can hide if you want to, nor is it safe to be completely transparent about everything. The current on-chain data tools and address labels are still criticized for being outdated or even misleading. I've become more cautious — don’t take “being labeled as something” as the truth. My approach is very simple: separate things when possible, use different addresses, and don’t reveal too much about your on-chain identity in public. As for the rest, I can’t really control much anyway, so I’ll just stick to this for now.