The opportunity definitely exists for people to be able to get from Hive what they are willing to put into Hive. It may not exactly be a meritocracy, but it's closer than most opportunities.
Technically speaking- at least according to our local property tax assessor- we're one-percenters because in some fantasy world this house we paid about $225K for with cash is now "worth" $1MM+. But it means nothing because we can barely afford to live here anymore.
Such comparisons are always relative.
The thing I find telling is that the aggregate crypto market cap slowly grows, even in this bear Market. If we have another 2017 style run, we could be looking at at $10T market cap, making crypto a huge asset class on the global stage.
I am not sure how many people would actually want to participate in a true meritocracy these days.
I think it might get close to that, especially considering the inflation of all the cash laying about. Come the run, some of that is going to move into crypto, driving that bubble very high.