Interesting video as always. I seem to vaguely recall reading about this years ago, but never pursued. While I am not completely opposed to rules and regulations, we seem to have gotten to a point where inane rules are causing real problems. It is like the old rule-based AI programs: no matter how many rules you wrote to try to get the program to do something intelligent, there were always exceptions that didn't fit the mold and caused the program to do really dumb things. Regulations and laws seem to be exactly like that.
Yes, it seems like no matter how simple you start its always going to balloon into wondering monstrous eventually. I'm often tempted with supporting some basic rule set, but am coming to believe it can never stay small.
This is why I currently support just sticking to the rule set most of us came with. Conscience means common sense, or "to know together" - do no harm. Unfortunately there are always psychopaths in the mix making it messy.