Recently, I saw someone arguing "Is on-chain privacy a original sin," and I found it a bit funny and a bit frustrating: on one hand, they call for decentralization and freedom, but on the other hand, wallet addresses and transaction paths are all exposed, anyone can look them up... Frankly, ordinary users' expectations of "privacy" shouldn't be too romantic; it's more about not being casually linked or easily profiled with a single click, rather than complete invisibility. The compliance line is also quite realistic; often it's not about whether you've done something wrong, but whether you've put yourself in a position where you can be easily misjudged.

I'm now very laid-back: even if the returns look attractive, I start with small amounts, try to diversify interactions as much as possible, avoid using the same address if I can, and leave the fewest "habitual fingerprints." As for the macro discussions about rate cut expectations, the US dollar index, and risk assets rising and falling together, they look lively, but on the blockchain layer, transparency plus emotional chasing of gains and panic selling are the most frightening... Anyway, I first see privacy as "reducing exposure," not "immune to accountability." That's all for now.