I might have read too quickly but from what I get the argument boils down too: too much volatility is bad, so it won't be used as money, so it isn't money. I do

I might have read too quickly but from what I get the argument boils down too: too much volatility is bad, so it won't be used as money, so it isn't money. I don't think that is a good argument. There are many examples were currencies are highly volatile yet still function as money. On the oder side, after the 2011 crash, bitcoin hovered around 2-3dollar for months. I don't know if bitcoin will succeed. I don't know if it will be used as everyday money. I know quite a few people who use it to buy drugs or takeout food. I know vast amounts of people who have never heard of it. I don't think you can say anything about bitcoins future as money at the moment. Just that (as I explained in an earlier post) national governments might at some point have an incentive to restrict bitcoin, if it gets so successful it might make their financial policy ineffective. But this point (if it ever comes) is still far in the future.