You're on to something, but libertarianism probably isn't the right target for your conclusions. This is more of an example of how movements that seek to protray themselves as structureless end up with power structures that are less responsive to their communities. See the 1970s feminist essay The Tyranny of Structurelessness[1] by Jo Freeman for a timeless example.
Re:What Happened at the Satoshi Roundtable
by CydeWeys on Saturday March 05, 2016 @09:50AM
(#11229632)
Wow, excellent reference.
If that essay were written today another great example for it would be Occupy Wall Street. I saw first hand at OccupyDC how structurelessness led to tyranny of the least shameful, the most bullying, and the loudest.
Perhaps the lesson here is that libertarian promises are, at best, temporary.