Why bitcoin seems to work so well, despite price fluctuations (Don't worry about that, that's normal when you throw a large stone in a calm puddle, you get ripples and they calm down as time passes and more people adopt).
This short interesting article says a very important fact:
"Bitcoin is a monopoly run by a protocol, not by a managing organisation". And there it is. The protocol is the regulation, it's why it doesn't need to be regulated. Good short read: