What makes you think pmarca is different than {anybody with lots of money and are human being with desires}
He's fundamentally a nerd, and optimistic about humanity. That's enough to be better than 95% of people in power.
That sounds like you presume he's like you, so he's OK.
That's actually wrong. I'm not optimistic about humanity. pmarca seems to be, which is why I like reading him (and Thiel, etc.), even though I don't totally believe everything they say. I think the world would be better with more pmarcas, though.
I may be a nerd, but I'm willing to bet basically everyone on HN shares that trait.
How about neither of the above :) I'd prefer that.
He isn't backed by the coercive power of the state, for one thing.
Owners of capital and private property don't rely on the coercive power of the state to maintain their ownership? News to me.