I recently set a rule for myself: don’t have too many illusions about on-chain privacy, and don’t pretend to be innocent. To be honest, an address isn’t an ID card, but it’s not exactly “anonymous” either. If the transaction path is long, someone can usually piece you back together; if you want to pursue compliance, it’s probably not just by talking tough. Anyway, I treat everything that can be publicly seen as “eventually will be seen,” and for sensitive matters, I prefer not to do them or use a cleaner process, at least to avoid setting a trap for myself.

By the way, the NFT royalty war also looks pretty similar: everyone talks about values with their mouths, but their hands still follow liquidity. Compliance and privacy are the same; in the end, it’s not about who shouts the loudest, but how you execute each step. That’s it for now—less romanticism, more self-protection.