"Accounting controls" has to be way, way up there on the list of "systemically important technologies that almost no one would say One Of The Most Important Things Ever Invented." This is about 60% of the reason why Bitcoin exchanges keep blowing up while everyone looks on.
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"Why doesn't virtually anyone in the industry just hire an adult?" One of the ways in which accountants, like many professionals, are disciplined is that they require a license and that license is on the line with signing off on certain decisions.
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You have to assume that the calculus for every lawyer and accountant within 10 miles of e.g. an ICO has to include "Hmm I think I have an N% chance of this engagement ending my career so is the expected value of it at least 1 / N% times the net present value of my career."
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End of conversation
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Is this essentially the same as the Bitfinex hack? An *on paper* M of N but in practice single sig?
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