I don't think the intent is for trust to be delegated to infinity. It can just be shared easily. I could imagine a web of trust being shared between projects directly working together.
That could happen.. but then it would end up becoming a development model similar to the one followed by sqlite and ffmpeg ... i.e., open for read, but closed(almost?) for writes to external contributions.
I don't know whether that's good or bad for the overall open-source ecosystem.