The problem is, according to David Drake, president of Georgeson, a proxy solicitation firm, under this new system, only 10% of retail investors are completing a proxyonline.
Beginning in 2007, regulators allowed companies to save shipping and paper costs by sending only a one-page form to shareholders, while referring them to proxy statements and annual 10-K reports online.
Ignoring the fact that prestige may be a poor proxy in the first place, the problem for online learning (and new universities primarily offering online courses) is that building prestige takes a long time and requires considerable resources.
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).