Lately I've been looking into on-chain privacy again, and the more I look, the more I think ordinary people shouldn't hold onto illusions: on-chain is basically like a glass cabinet, at most with a frosted film pasted on it. If you really pursue compliance, the path can always be traced back. To put it simply, my current expectation is—everyday, if you don't want to be watched by passersby, you can do some basic obfuscation, but don't treat "privacy tools" as invisibility cloaks, and don't use them as an excuse to push boundaries.

Then I saw the social mining and fan token schemes, that "attention equals mining" idea, and I feel a bit conflicted: attention is indeed valuable, but it's like the wind—blow past and it's gone. Projects that can ultimately generate cash flow are few and far between. Someone even complained to me: you keep watching these romantic narratives, but what you care about most is "where does the money come from." I can't really argue… Anyway, I'm now more willing to treat compliance as a boundary, privacy as politeness, not as a talisman. That's how I see it for now.