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:
This proposal aims to subject this decision to public scrutiny.
SubSquare is a group that helps make decisions about markets on a website called Substrate. They want to elect a new leader to help with these decisions. They want to make sure that more people in the community can be a part of this group. They made a new rule that one person can't make a decision alone. But sometimes people don't vote, so they need a new leader to help with this problem. The current advisors have voted for a new leader, but they want everyone to know about it.