I just came across a comment war about NFT royalties and the secondary market. Creators complain that platforms are “sucking blood,” while buyers say the costs are too high. Both sides have some valid points, but to put it bluntly, on-chain transactions are so transparent that even your underwear could be pulled out. No matter how high the royalty fees are, it doesn’t stop someone from creating sockpuppet accounts to wash trades.

What I’m more concerned about is something else: where exactly is the boundary between on-chain privacy and compliance? Lately I’ve been seeing things like points and mutual follows—everything is recorded on-chain, and anyone can look up what your wallet has been doing. Platforms say they “protect users,” but if you switch wallet addresses, they can still rip your social graph apart. Sigh. What I regret isn’t the outcome, but the fact that I casually granted an approval back then, and it got flagged as a “high-risk address,” so I couldn’t even claim the airdrop.

On a more serious note, ordinary people shouldn’t put too much faith in “complete anonymity,” and don’t go totally exposed either. Anyway, I’ve separated my main address from my spare change address—so I don’t get targeted someday. Forget it, I’ll stop here.