The objective of this proposal is to elect the first prime member of the Advisory Committee.

As you may be aware, the Advisory Committee oversees the approval or rejection of advised markets and has been instrumental in establishing a substantial majority of the markets on the mainnet. Additionally, the Committee regulates registrars and eliminates markets that grossly violate our community and market creation guidelines. The latter function might be replaced in the future with a less aggressive approach to enforcing proper conduct among market creators. All these responsibilities are carried out through Substrate's proposal system.

One of the Committee's long-term objectives is to achieve sufficient decentralization by incorporating community members. A step towards this goal was taken in https://github.com/zeitgeistpm/zeitgeist/pull/975, which modified the Committee's thresholds for approving or rejecting markets. Specifically, starting from version 0.3.9, a single vote will no longer suffice to approve a market.

However, as thresholds and membership numbers increase, abstentions become an issue. The prime member's role offers a straightforward solution. At the conclusion of a proposal's duration, all abstentions are delegated to the prime member.

The current advisors have conducted an internal vote for their prime member using on-chain remarks:

- https://zeitgeist.subscan.io/extrinsic/2627483-3
- https://zeitgeist.subscan.io/extrinsic/2677163-3
- https://zeitgeist.subscan.io/extrinsic/2715281-3

This proposal aims to subject this decision to public scrutiny.

 Sets the ideal number of validators.

 The dispatch origin must be Root.

 # <weight>
 Base Weight: 1.717 µs
 Write: Validator Count
 # </weight>

Problem Statement:
- The problem is the need to elect the first prime member of the Advisory Committee to achieve decentralization and address the issue of abstentions in decision-making.

Significance:
- The Advisory Committee plays a crucial role in approving or rejecting advised markets and regulating registrars.
- The Committee aims to achieve decentralization by incorporating community members.
- The prime member's role offers a solution to address the issue of abstentions in decision-making.

Proposed Solution:
- Elect the first prime member of the Advisory Committee through a public scrutiny process.

Expected Outcomes:
- Increased decentralization and community involvement in decision-making processes.
- Addressing the issue of abstentions through the prime member's role.

#29 Elect first prime member of the Advisory Committee - public proposal #13