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Nick, could you please elaborate a bit on this, exactly which ideal conditions do you mean?
It's too long to enumerate. Lack of easily manipulable centrally digitized ledgers. Different and lower taxes. Better contract and negotiable instruments law. Far fewer regulations. Lack of socialist government employees trusted to enforce these free market laws.
So you'd say it remains... unenumerated? 
Thank you!
It is intersting to see how fiat currencies, which are IOUs, work poorly in countries with weak legal systems. This is in my view one of the key charactaristics of Bitcoin: It doesn't need a strong and costly legal infrastructure in order to have value.
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