Ranks are largely meaningless when it comes to trust. Anyone could turn out to be a scammer here or have their account stolen by one so that's why you need to take multiple factors involved and also look at their behaviour and history before you trade with someone. If theymos himself randomly messaged me asking if he could borrow $1000 in bitcoin I wouldn't just blindly send him it because he's a Legendary Admin who's very trusted. A lot of things could be wrong there. The fact that someone like him is even asking for money should set off alarm bells. If someone's password and/or email has been reset recently - even if they're a very reputable member - that should also make you more cautious as to who you're actually dealing with.
You don't have to take the ranks as meaning everything, but they're just a barometer of how long you've been here (and now also how many merits you've received). They can help you in judging a person but they should not be solely relied upon.
Maybe we should give the ranks with trust (Full, Senior, Hero, Legendary) only for members which persons are well identified through documents or i.e through eyewitnesses - which eyewitnesses are identified well already.
Well that's what the feedback system is there for. If you trust or distrust someone you can show that by either leaving them feedback or adding them to your trust list system. Theymos would never implement any sore of KYC verification and even that can be abused or bypassed so all it would lead to is a false sense of security.
Why we need ranks then? Maybe better to operate without ranks - above Full Member i.e. 
- because the remained Ranks speaking about Trust: Senior, Hero, Legendary 
- because the remained Ranks speaking about Trust: Senior, Hero, Legendary You don't have to take the ranks as meaning everything, but they're just a barometer of how long you've been here (and now also how many merits you've received). They can help you in judging a person but they should not be solely relied upon.
Why we need ranks then? Maybe better to operate without ranks - above Full Member i.e. - because the remained Ranks speaking about Trust: Senior, Hero, Legendary
- because the remained Ranks speaking about Trust: Senior, Hero, Legendary Maybe we should give the ranks with trust (Full, Senior, Hero, Legendary) only for members which persons are well identified through documents or i.e through eyewitnesses - which eyewitnesses are identified well already.
Well that's what the feedback system is there for. If you trust or distrust someone you can show that by either leaving them feedback or adding them to your trust list system. Theymos would never implement any sore of KYC verification and even that can be abused or bypassed so all it would lead to is a false sense of security.