Selecting "show all" in the Alerts drop-down only displays the latest alert, raising questions about whether this is the intended functionality. Alerts are removed after three days, prompting inquiries about the status of conversation notifications in the inbox. The "Live Alert Update" feature, available only to gold members, allows real-time updates of alerts without needing to refresh the page. There is disappointment regarding the limited access to this feature among users. Overall, the discussion highlights concerns about alert visibility and the exclusivity of certain features.