The Web of Trust does not seem to protect people from dangerous sites but rather seems to have a forum with a few anonymous trolls who want to censor the web to say the things they want the web to say. In my opinion the internet already does this work really well. Online scams, untrustworthy links, and unreliable web stores are already outed in forums and with word of month in other communities across the web.
WOT in comparison looks to others like censorship on the web. One small group of peoples' opinion over the majority.
My site was labeled as one that scams people out of money. I'm one of the most successful online instructors on Udemy the market leading online learning site. I have 65,000 students who have taken my course would disagree and they have voluntarily posted over 700 positive reviews. This is the community's opinion.
We don't need a self-appointed internet police who claim to represent a community but actually act only upon their own narrow prejudices and flawed, misinformed opinions. The internet is already "self policed" by Google PageRank, Alexa rank, domain authority, etc., these are real matrices based on fact. Not misrepresentations of one or two individuals.