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The Silk Road Revisited - Money Transactions Inside the Bitcoin System

Chapter in book
Authors Kristoffer Schollin
Published in Europan Contract Law in the Digital Age, Stefan Grundmann (ed.)
Pages 237-260
ISBN 9781780684772
Publisher Intersentia
Place of publication Cambridge
Publication year 2018
Published at Department of Law
Pages 237-260
Language en
Keywords Money, Contracts, Bitcoin, Blockchain
Subject categories Economic History, Intellectual property law, Contract law, European law


The chapter sets out to show a chain between the many aspects of Bitcoin as a regime of exchange and contract-based transactions, and to lay a basic groundwork of understanding for Bitcoin as a framework for transactions. Relevant aspects are Bitcoin’s status as money, the different and functional qualities that it shares with other types of money, its distributed technical nature and structural integrity, as well as its ideological roots incorporated in technology. An exciting addition onto the open final link of this chain is the advent of new decentralised Bitcoin-based marketplaces where the goal is to include the transactions themselves inside Bitcoin’s ‘block-chain’ – the foundation of this digital regime of exchange.

Page Manager: Webmaster|Last update: 9/11/2012

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