Thank you! I'm working on a robot with a very expensive slip ring, and need to send high fidelity data through it with shielding. I had no idea this was possible this will make things so much easier!
I found a related video you might find interesting.
https://www.youtube.com/watch?v=gZvimEf6DFw
I'm currently studying group theory and SO3 rotations (quaternions & matrix groups) and I'm also curious about the connection. I still have a lot to learn but I wouldn't be surprised if the reset rotation is unique, if we abstract away variation.
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.