I just looked at a trading order: the on-chain tagging system shows it’s a certain mixer address, but in reality it was deliberately “poisoned.” People always say on-chain is transparent, but lately those tagging tools have been getting heavily criticized—updates are slow, and they’re also prone to being misled by artificially inflated volume. My mom asked, “Isn’t on-chain public? Why still need privacy?” I said, “Public doesn’t equal transparent… forget it—manage expectations properly, and don’t treat on-chain privacy as absolute.”