Are you referring to my preferring to consider USD volume? If so, I'd like to hear your thinking there. It'd be pretty amazing to see both, BTC volumes from a year ago and today's prices right now. Yet today, selling enough to, say, buy a house compared to selling the same a year ago isn't a very big chunk of the daily trade volume.

Or maybe you take exception to my ribbing about the general idea here that speculation should increase liquidity, therefore decreasing volatility. I could have phrased that better to begin with, but my point was: if that's true, then given the barrier to speculate has now been significantly lowered, volatility should decrease. I guess we'll see!