-snip-
However, there seems to be near universal agreement that the actual text of the warning could be changed to both a) be more informative about the actual state of affairs and b) be more inviting to learn how to use the trust system for yourself.
Theymos, lets have "negative trust" warning changed to: "This person has received negative feedback from someone in your trust network." That message is far more reflective of the actual situation and provides an invitation to figure out exactly who is in your trust network and why.
+1. Changing trust network to trust list is better. We may have to face threads in Meta about trust network even if they know about trust list. I also suggest to put a small link near it which have a breif explanation about trust system.*
* Borrowed from Marco's post.