#Bitcoin doesn't eliminate a ruling class just like it doesn't eliminate the pareto principle.
It might actually intensify these things.
Discussion
I am inclined to think this is more correct.
Perhaps, but I think cashu could
A ruling class can never be eliminated. This can be proved in two ways: 1) Ask yourself this question -- Have power, wealth, intelligence, character, beauty, or wisdom ever been distributed equally among human individuals or groups? Is there any conceivable way in which they could be distributed equally? There's your answer right there. 2) Go down to your local Walmart or equivalent and critically examine the faces, language, and behavior of your fellow featherless bipeds. And while you are examining them, reflect deeply on the proposition that those who cannot rule themselves and their own base desires must perforce be ruled by others.
It's not all bad news, though. Bitcoin has the potential to disrupt the money-creation game by which one fairly intelligent but highly malevolent ethnic/racial group has been misruling nearly all the others. There will be new leadership strata, long-suppressed, ready and able to rule, and eager to make revolutionary changes..