What is necessary is some other means of conveying trust, wether that is a web of trust, or some other out of band option.
This is what I believe we should strive for. The distributed naming system and trust system are orthogonal problems, but need to integrate in a convenient way. So, it is still a hard problem, just not in the same way.
In a way, this is what facebook does. (I know this wont be a popular opinion, and actually, I hate that I said it but it seems true).
Here is part of section 71 of the Australian constitution for those who like evidence!
"The judicial power of the Commonwealth shall be vested in a Federal Supreme Court, to be called the High Court of Australia, and in such other federal courts as the Parliament creates, and in such other courts as it invests with federal jurisdiction. "
When has democracy been anything other than the will of the majority?
ummm.... Since the invention of the doctrine of separation of powers - so at least since the ancient roman republic. Courts are their to balance the tyranny of the majority, and have in many cases done so significantly.
The world is coming to an end--save your buffers!