Yes, otherwise Xapo would not prefer Switzerland, the most direct democracy. That's always producing better results than feudalist/elitist/sociopath ruled territories.
OK, let's add geography and politics to the list of things about which Zarathustra knows very little.
Switzerland is a confederacy, not a direct democracy. The have multiple sub-jurisdictions and ultimate power resides in the heavily armed populace of the cantons.
That's all to deal with the fact that majority rule doesn't scale beyond groups of ~100 people (because we can't remember more names/faces and tragedy of the commons + negative marginal returns ensue when we try).
Zar, please say less and listen more, because your colossal ignorance is an embarrassment to the forum, your fail-teachers, and your fail-parents.
The pure form of direct democracy only exists in the Swiss cantons of Appenzell Innerrhoden and Glarus.[11] The Swiss confederation is a semi-direct democracy (representative democracy with instruments of direct democracy).
Ridiculous.
1. I live in Switzerland
2. I spoke twice on that podium in Glarus to the people, until the officials forked me away from the podium
3. Appenzell was the last canton that gave the woman the right to vote
4. Switzerland is the most direct democracy on the planet and that's the reason why companies like Xapo move to this country: The results are better than in elitist/feudalist ruled countries.
Imagine the disaster if people like you, the headbuck, the brg444, the popescu and alikes would rule that country....