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Social verification can be easily faked. What they need is just one invitation from real world as a start point, to create an initial spam identity. Then they can create invitation themselves, and eventually build a spam network.
But for bitcoin, at least not everyone can afford a ASIC machine. Most spammers will think twice as they need to consider the profit.
The point is, all anti-spamming measures have their own shortcomings. WOT could be one of the solutions. But on current stage our focus will be on the alpha release.
If I associate a real name of somebody I know to a public RSA key and they sign off on a bad identity, I probably do not trust them as much, right? Trust doesn't need to be a binary thing. Web of trust can and does work(although then communities may censor material, but that is preferable to one entity).
My issue with using SHA-256 proof of work for spam blocking is that a wealthy entity trying to censor that network and prevent anonymity could make it impractical for ordinary people to complete the number of hashes they need to create new identities. I haven't read any technical docs for this project and don't know that they are using SHA-256, but there is no reason to prefer that over web of trust.
Whoops, didn't see the new messages. Apologies.