Again, this sounds great if you just have a few hops. But once you get to a large amount, people will start realizing they're losing all their money because of covering for scammers, people who died, etc.
The number of hops is irrelevant. How many people you trust and how reliable they are has nothing to do with how many hops a payment takes.
It isnt about how much 1 person trusts a ton of people. It is the inter-trusting of different parties that are all linked together. Just because I trust B and B trusts C doesn't mean I trust C. And in fact if I know that B could be trusting known scammers or people I don't trust, the entire thing collapses because at some point B isn't going to want to trust A, D, F, G, H, J, K, ....Z.
A system based on TRUST is a flawed system. The current monetary system is based on that...."full faith and credit of the US govt"...as an example...means shit. Broken system.