We also let you reach many, many more people, since you're not forcing users into joining an anointed social network. Everyone has an email address, and people understand what it means to reveal it.
Also, there's no lock-in, because we're not giving you an opaque, one-way identifier for your users. Instead, you always get a verified email address. Want to switch away from Persona? Add a 'password' column to your database and send a few emails.
Edit: I should also note that we're really, really easy to implement. Like, roll-your-own-integration in less than 3 hours with zero previous experience easy. I want to see us become the de facto auth solution for weekend projects, but we're also a really nice option to put alongside your social login. If you're already offering Twitter and Facebook, why not provide a vendor-neutral option, too?