Bitcoin: A Modern Monetary Mayflower Compact

Blockbain
4 min readNov 21, 2020

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21/NOV/1620–400 years ago the Mayflower, a Dutch cargo ship carrying Puritan Pilgrims to America from England, landed on the shores of a new world. These Pilgrims, discontented in their dire straits situation under the British Monarchy, sought out a separate and better life. Ship bound and migrant, the now codependent pilgrims drafted an Agreement Between the Settlers of a New Plymoutheventually titled the Mayflower Compact. Here is that 1620 text:

Mayflower Compact

In the name of God, Amen. We whose names are under-written, the loyal subjects of our dread sovereign Lord, King James, by the grace of God, of Great Britain, France, and Ireland King, Defender of the Faith, etc.

Having undertaken, for the glory of God, and advancement of the Christian faith, and honor of our King and Country, a voyage to plant the first colony in the northern parts of Virginia, do by these presents solemnly and mutually, in the presence of God, and one of another, covenant and combine our selves together into a civil body politic, for our better ordering and preservation and furtherance of the ends aforesaid; and by virtue hereof to enact, constitute, and frame such just and equal laws, ordinances, acts, constitutions and offices, from time to time, as shall be thought most meet and convenient for the general good of the Colony, unto which we promise all due submission and obedience. In witness whereof we have hereunder subscribed our names at Cape Cod, the eleventh of November [New Style, November 21], in the year of the reign of our sovereign lord, King James, of England, France, and Ireland, the eighteenth, and of Scotland the fifty-fourth. Anno Dom. 1620.

Mayflower Compact, 21/NOV/1620
Original Mayflower Ship

Bitcoin Compact

01/NOV/2008–388 years after the Mayflower landed, a pseudonym of unknown nationality sent an email carrying word of a peer to peer electronic cash system with no trusted third party.

On 21/NOV/2020 —400 years after the Mayflower landed, many new fresh bitcoiners are landing on the shores of a new monetary world. These Orange-Pill’edgrims, discontented in their dire straits situation under their respective Monetary Monarchies, are seeking out a separate and better life. Node bound and migrant, the now codependent coiners drafted an Agreement Between the Users of a New Bitcoin— eventually titled the Bitcoin Compact.

Here is that 2020 text:

IN THE NAME OF SATOSHI, HODL. We, whose names are not underwritten, the Loyal Subjects of our dread Lord FED Chairman James Powel, by the Grace of Satoshi and Liberty, Defender of the utxo.

Having undertaken for the Advancement of Value Preservation, and the Honor of ourselves and Satoshi, a Voyage to plant the first peer to peer network of proof of work nodes; Do by these Presents, solemnly and mutually, in the Presence of God and one another, covenant a time chain of blocks for our better transaction Ordering and Confirmation, and Furtherance of the Ends aforesaid: And by Virtue hereof do enact, constitute, relay and frame, such true and confirmed Transactions, Blocks, Nodes, Mempool, and Hash Function, from time to time, as shall be thought most meet and convenient for the general Good of the Network; unto which we promise all due Submission and Obedience. IN WITNESS whereof we have not hereunto subscribed our PGP signatures at block height 650,022 the 21st of November, in the Reign of our Sovereign God King Trump, of America; Anno Domini 2020.

Monetary Mayflower Compact, 21/NOV/2020
2020 Monetary Mayflower Redesign

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Blockbain

Blockbain is a licensed professional engineer and a certified bitcoin professional who specializes on the electrical power gird and bitcoin mining mechanics.