Excellent analysis of the current situation — in the end it is us who make some tool shine or rot, individually and collectively.
Oftentimes the new tool at the early days only used by some visionaries on the edge, over time the mainstream comes along, and marketeers, firms use its power for bringing their message along no matter what (diminishing the value of the conversation between individuals and communities). As a result some of the early users, who had a personal pull towards using it (a need or urge to solve a challenge that otherwise couldn’t be solved with other tools available).
It doesn’t necessarily mean that Twitter is dying, rather dying in it present form, and so with each innovation that comes to the globe (whether a human being, a product or service) it has to adapt, and move along the feedback it gets from the outside world. Here comes the human touch into play again, as the makers of a tool are for the time being always humans, with a history, mental models of their, entrenched in processes, and thought processes of others, seeing the future as they see it.
The challenge will always be: how to shape tools towards use by many so many gain value from it, and not just a few who take their resources to dampen the rest?
h/t Vivek Wadhwa for sharing on Twitter (respective Facebook) so your great article on a dynamically challenging issue could catch my eye, and interest. Going to the root cause via humble inquiry often reveals reasons that are not obvious on the surface!