Improbable island used to have more or less only one rule, outside of "underage shit will get you reported to your ISP", and that was "don't be a dick".
It worked well, on the surface, but as the CoC says, there were a lot of issues that cropped up that went mostly unnoticed, even as they were impacting a surprising number of players.
I prefer the new CoC. Lists of rules are never something that someone will regularly reference. You'll read through it once, get an understanding of the ground rules and community expectations, and then fit into the community and get up to speed by experience. Sometimes, people make mistakes, and someone can say "hey, maybe don't do that, Code of Conduct has a bit about that", and that someone can go "ah crud, thanks".