> I am, of course, not Werner, but let's see if I can't take a stab at it.
>
> All --list-packets does is take the input, in a human-unreadable format,
> and transform it into a human-readable format.  It performs none of the
> computationally expensive mathematics that are required to validate the
> message.
>

The keyring in question is closely held. All keys have been directly
verified, out-of-channel, with the key owner prior to inclusion in the
keyring. Using the data obtained by listing the keyring packets seems
reasonable.

Thank you.
John
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