When having political power is your goal, you will probably gain power. You might lack in principles, however. Likewise if having principles is your goal, you can achieve that. You just won't have any power. Depends on what you're interested in. Unfortunately only those with power get to make the decisions... and everybody has to live with them.
"Politics is the Art of Looking for Trouble, Finding it Everywhere, Diagnosing it Incorrectly, and Applying the Wrong Remedies"
It honestly seems like in gatherings of libertarians, no one really wants to step up and take a leadership role. The meetups for the Ron Paul campaigns were very much like that. No one seemed to want to step on the toes of anyone else.
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