# Пов'язані статті щодо Trust Router

Scrolling Through Crypto Twitter, But No More Profit Opportunities

The article "Scrolling Through Crypto Twitter, But No More Profit Effect" discusses the transition into the "Post-Crypto Twitter (CT)" era, where CT—as a mechanism for market discovery and capital allocation—is losing its ability to repeatedly generate significant market-wide events. CT previously functioned by compressing three key market functions into one interface: narrative discovery (creating shared focus and converting attention into common knowledge), trust routing (enabling informal reputation-based capital allocation), and reflexivity (where narratives drive prices, which in turn validate and amplify narratives). This allowed a "monoculture" to form around simple, widely understood "toys" or narratives that coordinated the entire ecosystem. However, the Post-CT era has emerged due to several failures: "toys" are industrialized and exploited faster, reducing inefficiency windows and concentrating profits; value extraction overwhelms value creation, leading to widespread cynicism; and attention has fragmented across niches, weakening shared context and synchronized liquidity flows. CT is not dead but has evolved from an engine driving market-wide coordination to an interface layer. Real capital allocation now occurs more in high-trust, private "subgraphs" (e.g., closed groups), while CT serves as a surface for signals and narratives. The author argues that the era of CT reliably coordinating the entire market around a single meta-narrative and creating broad, nonlinear returns is over, though the industry continues with shifted dynamics.

比推01/08 03:01