"A disruptive innovation is an innovation that helps create a new market and value network, and eventually goes on to disrupt an existing market and value network (over a few years or decades), displacing an earlier technology. The term is used in business and technology literature to describe innovations that improve a product or service in ways that the market does not expect, typically first by designing for a different set of consumers in the new market and later by lowering prices in the existing market."
So the thing being 'disrupted' is the old way of doing things, the old telcos, the old money markets etc.
Nope. Everything disruptive is life changing, but not everything life changing is disruptive.
1. To throw into confusion or disorder 2. To interrupt or impede the progress, movement, or procedure of 3. To break or burst
The rest of your post may be true, but is utterly besides that point.