This would be great except the 2 cent transfer cost seems high.
But also 2 cents to transfer ownership is a lot cheaper than existing trading fees.
Also because of network effects, it is probable that only one cryptocurrency will dominate, likely Bitcoin. So it is convenient for ownership to take place on Bitcoin and not in a competing altcoin. We'll see how things progress when Ethereum comes out.
Or you know, you could use practically any other system that doesn't try to be money (or en ethereum's case, an everything wannabe)