From grassroots gaming to institutional narratives: Why has the crypto community lost its early enthusiasm?

【BitPush】A seasoned industry developer recently made some remarks that struck a chord with many. He pointed out that some incentive-based posting platforms combined with AI generation are essentially manufacturing machines for low-quality content. Think back to the early days of crypto Twitter—the grassroots competition was real, and small retail investors still felt the possibility of “overtaking on the bend.”

But now? The industry’s focus has shifted. Stablecoins and financial infrastructure have become the new favorites for growth, and the entire narrative is increasingly tilted toward institutions and VCs. Ordinary users lose their sense of participation as they scroll through content, and the magic of “fair competition and turning the tables to get rich” has faded away.

What’s more heartbreaking is the platform’s “de-elitization” mechanism. The recommendation algorithm heavily promotes popular content, resulting in small but high-quality professional creators being unable to reach their core audiences. Crypto-specific content gets buried, while spam content floods the platform.

It’s worth mentioning that the developer appreciates X platform’s quick response—revoking API permissions for certain information applications in an attempt to curb platform pollution. This attitude at least proves that the platform still takes ecosystem quality seriously.