China's Ministry of State Security: The 'anonymity' of virtual currencies is a false proposition; transaction records provide a basis for full-chain traceability. https://m.theblockbeats.info/flash/369232 On-chain 'anonymity' has been repeatedly debunked—not because privacy isn't important, but because most assets don't even implement privacy features. Public transparency and immutability are the default states of blockchain. A wallet address is just a string of characters, but exchanges, deposits/withdrawals, devices, and network traces can still link people to their funds. Claiming 'unreadable addresses' equals 'untraceable' is just a play on words. What we truly lack isn't slogans, but usable privacy tools. 01 has done something very restrained on the Ethereum mainnet: it gives you a shielding pool. Once your tokens go in, they turn into notes that only you can spend. On-chain, you can see 'a valid transfer occurred,' but you can't see who, how much, or which note it came from. 01 and the USD stablecoin USD0 each have their own independent privacy pools, using zero-knowledge proof settlements. The contracts are non-upgradable and have no admin backdoors. The amounts deposited and withdrawn, as well as the destination, are public; however, timing and network metadata could still be correlated. 01 promises 'no spectators within the pool,' not 'the entire fund flow vanishes from the world.' Public ledgers are great for auditing and clearing. Private ownership and private payments should also be an option. You can start using it now: https://app.zero1.cash/app/private