There are a lot of businesses that would work a lot better with a currency like, or based on, bitcoin.

For traded goods, this probably is not true. The dollar, euro, whatever, is quite good at purchasing alpaca socks.

Paying for services on the internet, though, is a completely different thing. Sites like e-lance, get-a-coder, face a detrimental effect from traditional currencies, because the partners in a deal have to settle on method of payment, currency, and they usually face high costs for those transactions, especially when currency conversion is involved.

This is where bitcoins are, well, better.

They may not be perfect, and for many services you may still wish to employ some kind of escrow service. But you could easily cut out the middleman and agree on step-by-step payment based on achieved milestones, which, with a normal currency involved, will raise costs significantly.

Not long ago, i hired coders from another country to have some software developed. We agreed on step-by-step payment, and in the end, even though we had only a handful of steps, the service fees added up to roughly 10% of the total costs.

Bitcoin would have spared me those 10%.