In the world of the Internet, entities can provide online services without any consideration for a legal jurisdiction. But, in the world of Tor or Onionland, entities can do so anonymously.
Intended to protect users’ personal freedom, privacy, and ability to conduct confidential business, Tor (The onion router) is a system that improves online anonymity by routing Internet traffic through a worldwide volunteer network of layering and encrypting servers which impedes network surveillance or traffic analysis.
TORwallet has just announced an online bitcoin wallet run as a TOR hidden service (to access the service users must run the onion proxy software on their computer). They do not log any information except the current account balance and the bitcoins from many TORwallets can be mixed instantly to a single address in a single transaction to make them extremely difficult to trace. The same anonymity and untraceability of that crumpled paper money in your pocket is now available in electronic form.
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