~snip~
I think this is a good sign, we're only one or two steps away to bring volatility down to values when Bitcoin could become more interesting as a currency or unit of account. Gold is currently at 0,5-1%. This is the value we'd like to achieve, even if probably there still will be some spikes to 2% for a long time.
Is volatility the only obstacle to Bitcoin being used more as a currency? I don't believe that people in general will turn away from investing for profit in the direction of using BTC as a currency, regardless of the volatility that, whether we want to admit it or not, is the main driving force pushing BTC forward.
In addition, no major government in the world will allow a decentralized currency to undermine its own centralized system, even if it means banning Bitcoin as a currency, as some countries such as Turkey, Thailand or Vietnam have done.