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Problem is that it's easy to see the problems of the system, while not having a real solution that satisfies the requirements of system.

For example, bringing back sum(log(zaps)) would solve the issue of giving too much power to 1 or 2 big zappers. However, it advantages people willing to do programmatic sybil attacks, which would require KYC to guard against.

A non-KYC approach could require a fixed upfront investment per account. But that makes the experience even harder for new users.

I think the question of social ranking is just genuinely difficult. There are no excellent solutions, only tradeoffs of various kinds.