You still need means to transfer from bitcoin to other circulating currencies. There is bitcoin -> mtgox.com -> Liberty Reserve -> bank transfers, or informal t

You still need means to transfer from bitcoin to other circulating currencies. There is bitcoin -> mtgox.com -> Liberty Reserve -> bank transfers, or informal transfers via paypal (that can get flagged and frozen, though). As of yet, there are 2-3 sets of transaction fees and flat fees (bank transfers) involved when moving bitcoins into other currencies.