Yeah, from what I've seen in these decentralised setups, early reputation gives you a nice boost to get more capital to play with, but it only lasts if the performance holds up cycle after cycle. I've watched a few talented folks start strong, attract a crowd, yet slowly lose allocation once their edge dulled—long-term consistency seems to be what really compounds the trust and the flows. In something like
https://betoken.fund/, where the system automatically shifts more funds towards those with the best track record over time, it feels designed to reward sustained skill rather than just a hot streak at the beginning. Personally, I think that's healthier; stops the whole thing becoming a popularity contest and keeps the focus on actual results. Still, breaking in without any history is tough, no denying that.