The problem is that it is too shaky that way. While I trust my judgements and potentially the judgement of those I can trust, soon it gets too loose. Ther are potentially ways to tokenize it however and maybe get NFT "trust tokens" that are tied to the person who first issues it for accountability. If someone is found out as gaming the system, all of their trust tokens are tracked and brought into question, and if no one else is willing to hand them one of their own, they become an untrusted node again, until someone vouches.
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If you changed your mind about trusting someone, you could just undelegate, or send a friendly note to one of your buds, "hey, this account you trusted looks like they might be doing some shady stuff, if you don't remove them, I might have to untrust (undelegate) you".
I like your trust-token idea, but how would you implement it? Could you add AND remove people?
With NFTs you could potentially make a single one invalid. For example, person1 could have #455 token, I no longer trust that person, I mark it dead. it would require an interface and a fair amount of setup to do it properly. But I think that it could be used for example, people who have met IRL to begin with. Getting SteemFest people would be relativly easy, and then they are often meeting others at meetups. For example, I have met a lot of the Finnish users and could give each a token on their main accounts - alts still cause a problem if people decide to grant them.
This sounds promising.
There are people working on developing web of trust systems on and off Steem as it has a very large use case for the internet and can be leveraged for many things.
If it was built into the steem blockchain, that would be another great use-case for new members.