Lately I've been thinking about on-chain privacy again, and ordinary people really shouldn't have too many illusions. To put it simply, every transfer you make is like picking up a package from a neighborhood parcel locker; the locker number is anonymous, but if the property management (exchanges, analysis tools, nodes) really wants to investigate, they can match the monitoring and entry/exit records to identify the person. Compliance isn't about "suddenly coming to arrest you," but more about the entry and exit points: KYC, risk control, freezing, which are basically unavoidable.

So my expectations are twofold: first, don't treat the blockchain as a safe deposit box; for sensitive operations, use different addresses and scenarios, don't just lump everything together for convenience; second, don't blindly believe that "privacy tools = invincibility," because misusing them can make you more conspicuous... Recently, the NFT royalty debate also seems similar—everyone wants more freedom for secondary liquidity, but whenever money and rules are involved, there are always people trying to "align" things. Anyway, all I can do is minimize exposure, regularly check authorizations and signatures, and go with that for now.