There’s an important general principle here. There is no permanent algorithmic source of alpha. Once you mine out your source, you enter a degeneracy cycle. https://twitter.com/halvarflake/status/1599704805714206720?s=20&t=PFD-SMSZO4syMhpxcuBnkQ

Blogger at ribbonfarm.com, running summerofprotocols.com, host of /gloom ☀️

Algorithmic exhaustion. When you’ve fully captured a social dynamic, only those who can escape the captured state are worth anything. The captives are in a zero-alpha degeneracy. A ground state where rents shrink to zero.

We made the mistake of thinking social feed algorithms were perpetual motion machines. No. They’re fossil fuel machines.

This is a great point. However, people do create links for Google, so even though usage has switched to Google instead of links, so has creation