There's a bit of a caveat with the anti-twister mechanism, namely, that the wiring must be loose enough to pass around the supplied rotating part.
You could, in principle, have a totally internal system, but with arms that grab and release the cable at intervals so that the looped portion can pass by them. You could arrange the timing so that electrical contact is never lost. But you are still making/breaking contact and it starts to lose some apparent advantages compared to a slip ring.
That's not to say it isn't still useful for some purposes, like maybe a radio antenna that isn't too impacted by a cable moving in front on occasion. But it doesn't eliminate all uses for a slip ring.