This is probably true if you work in complete isolation.
If, however, you are a part of a larger team or organization a lot of value can come out of this type of transparency - it removes the need for a lot of meetings and is a great tool in an asynchronous work environment.
Just two minutes ago one of the devs in a team I manage picked something someone from a different team logged about, and decided to initiate a discussion about a potential conflict.
I agree that it should not be mandated though, but should come from the fact that people see it as valuable.
There's also a cultural aspect of it - it brings life to an online community that have to be built, and it works to fill the need of casual interactions during lunch or other spontaneous gatherings that no longer occur with regular cadence.