Recently, someone asked me again, "Is on-chain privacy the same as being exposed?" I just laughed. Ordinary users should lower their expectations first: on-chain is inherently transparent, and basically everything you do can be traced back to you with about 80-90% accuracy. At most, it's "harder to associate with you," not "disappear from the earth." As for compliance, don't expect some magical cloak; in simple terms, platforms/entry points are becoming more and more strict. No matter how you try to bypass, it's unrealistic to be completely trace-free and leave no marks.

What I fear most is not losing money, but suddenly discovering that operations I thought were private are laid out clearly by a chain of address relationship graphs. As for the currently popular social mining and fan tokens, the "attention equals mining" approach feels more like moving traffic KPIs onto the chain... It's playable, but don't treat it as a privacy shield. Anyway, I see it as a joke for now; just be cautious.