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Who gets to decide what standards are required to vote? Why are those standards correct, versus another set of standards? Why should the people who selected the standards get to select the standards?

Or, who gets to decide who should sit on this committee? Why should they get to decide who is on the committee? What happens if the committee oversteps its boundaries? What if some other people are more qualified to sit on the committee? Are they placed on there? And who gets to decide?

... I could keep asking these questions forever, really. Your idea involves a great number of arbitrary decisions. What makes those arbitrary decisions correct? How are they more correct than other arbitrary decisions that could be made?