Switzerland may adopt bitcoin reserve but it may not be until 2026

[mindrust]

It is good news but the 100K signatures will be so that a law can be processed in Congress or the corresponding Chamber, it does not mean that if 100,000 people sign (out of a population of 9 million) it will be done. In any case it is another indication of where the world is moving, towards the creation of state bitcoin reserves. And in the case of Switzerland it is the 20th largest economy in the world.

When I read the OP i noticed it sounded too good to be true. I initially thought “is that how the Swiss make law?” Only 100k sigs and boom? Then I read your post and I landed back on earth. OP should edit his post because it is pretty misleading like that.

It seems 100k sigs is needed to discuss anything before making it a law and bitcoin is just another topic to discuss so there isn’t anything special here.

I don’t think it will pass but I would be great if it did.

[_act_]

That is more like a weird implementation of democracy where 1% of the population has to vote for something to become the law for 100% of the population!

As I have commented before, the 100K signatures are not for it to be approved, it is so that it can be processed legislatively, so that it can begin its path, not so that it can be approved.

I asked ChatGPT how the popular legislative initiative works and here you have the result (which is far from 1% determining what to do):

In Switzerland, popular initiative legislation is a cornerstone of its direct democracy. It allows citizens to propose changes to the Swiss Constitution through a direct vote. Here's how it works:  

### 1. **Proposal Initiation**  
   - A group of citizens drafts a proposal to amend the Swiss Constitution. The proposal can pertain to any subject, provided it does not violate mandatory international law.

### 2. **Signature Collection**  
   - The initiators must collect **100,000 valid signatures** from Swiss citizens within **18 months**. Each signature must include a declaration of support and the signatory's identification details.

### 3. **Submission and Verification**  
   - The collected signatures are submitted to the Swiss Federal Chancellery for verification. If the requirement is met, the initiative is formally submitted to the Federal Assembly.

### 4. **Federal Assembly Review**  
   - The Federal Council and Federal Assembly analyze the initiative. They:
     - Decide whether the initiative is valid (e.g., conforms to procedural requirements and mandatory international law).
     - Formulate a recommendation for or against the proposal.
     - Optionally draft a **counterproposal** if they believe a modified version of the initiative could address the issue better.

### 5. **Public Vote**  
   - The initiative, along with any counterproposal, is put to a nationwide referendum. Swiss voters decide:
     - Whether to accept or reject the original proposal.
     - Whether to accept the counterproposal, if applicable (in a **double yes vote**, voters indicate their preference if both are approved).

### 6. **Approval Requirements**  
   - For the initiative to pass, it requires a **double majority**:
     - A majority of voters across Switzerland (**popular majority**).
     - A majority of **cantons** (based on their internal vote results).

### 7. **Implementation**  
   - If approved, the initiative becomes part of the Swiss Constitution. The Federal Assembly enacts the necessary laws or ordinances to implement it.

### Key Features:  
- **Binding:** Initiatives that pass must be implemented.  
- **Counterbalance:** The Federal Assembly often proposes counterproposals to guide voters towards alternative solutions.  
- **Inclusivity:** Allows citizens direct influence over the nation’s governance.  

This system fosters political engagement but also requires balancing direct democracy with representative governance.

I think what is valid about this is ### 5. **Public Vote**. If otherwise, I do not consider others at all. The question I want to ask about the public vote is that will all the population vote or not? If not all the population will vote, how many citizens will be considered for to public vote?

[apogio]

That is more like a weird implementation of democracy where 1% of the population has to vote for something to become the law for 100% of the population!

I think it doesn't really work this way.

If you collect 100,000 signatures, then it can be processed and voted for.

So, anything that bothers you can be set for vote, if you gather 100,000 signatures.

So, in fact, 100,000 signatures (approx. 1%) is capable of bringing something into voting process.

Which, in my opinion, is welcome as a process.


example 1:

I (apogio) wants Switzerland to adopt Bitcoin as a secondary currency.
I collect 100,000 signatures from people.
It is brought for a mandatory referrendum.
50% + 1 person says "NO".
The idea is not accepted.


example 2:

I (apogio) want bitcointalk to be banned in Switzerland.
I collect 100,000 signatures from people.
It is brought for a mandatory referrendum.
The 100,000 people who signed for it are the only ones who vote for it.
It only gets 1% of votes.
It doesn't get accepted.