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Your PGP key is basically who you are on the internet.

Not really.. It's just a cryptographic key. They expire, get lost, get stolen... so it's not "your identity".

For large public-facing repos it's unwise to rely on every individual contributor's security, so you don't build a process around that because if the process fails with one contributor leaking their keys, you're screwed. Instead you:

  1. Have pgp sigs on merge commits and tags
  2. Validate these
  3. Always be vigilant

If you have an active community, issues will be spotted. If you don't, you have to do the work yourself.