-snip-
* Coinbase is legally required to turnover information to IRS on approximately 13000 of its customers
* 24-Year-Old Sent to Prison for Selling Bitcoin Without Asking for ID
-snip-
Well these news show that the countries enforce and "seal" the way they can tax bitcoin. You cannot expect anything less. A few high-profile cases with an adequate media attention and you can be sure that people will report their capital gains or income
at their own volition.
Look at your own comment:
-snip-
That last news however compromises my thought of bitcoin trading on localbitcoins freely.
You are already starting to think the way they want you to.
This was an evaluation of possiblities for crypto circulating. In terms of user experience, restraints of free exchange are an issue. However they do not overcome benefits of crypto by the tyniest bit.
Power Plants are not your average business. They can't increase their capacities in a snap. If demand suddenly goes too high - there will be a power shortage. They need to operate in a stable environment.
Power plants also have strategic meaning, so the local authorities are likely to intervene if something goes wrong.
My logic: Electricity povider has full control over powerline throughput (you can not use unlimited mwh in your house due to powerline limitations) so it has full control over its business, and it can refuse you (due to technical issues) if you solicit an increase in power usage, or try and increase electricity production (due to numerous solicitations). Question: where do authorities fit here?