I've read once that the reason Eltz castle in Germany (a kinda often encountered on the Web nice-fantasy-looking piece of fortification) was spared by the French from burning is because one of the family members was a French officer. There's plenty of ruins around.
OK, speaking about protest - you guys are also known for the Napoleon code, the guillotine, the freedom-equality-brotherhood stuff, de Saint-Exupery, so mostly good things. I mean, there are also de Sade and Dienbienphu, but shutting up.
Well, it should have went to some value from no value. So initial volatility was to be expected.
While the current volatility - I don't know, I guess it's because a transaction is expensive and takes some time. If transactions would cost almost nothing and were almost instantaneous, I'd expect the volatility by now to not be very big. And if there were no premined coins, of course.
And if there were inflation built into the system. BTC proponents boast how it having no such artificial mechanism is good.
They, 1) don't understand that having inflation stabilizes a currency, because there's a stimulus to spend practically and not as part of speculation, 2) don't understand that what they would want to imitate, gold, has inflation too.
So - inflation and cheap and fast transactions are what would make BTC less volatile. It would be a less lucrative speculative asset.