For privacy related matters, as it's clearly designed to make it obvious that someone is taking a picture. It's good because it's an hidden camera targeted at mass market. The likelihood that it could be abused would be high if it would be trivial to do it.
> Aka the general public. Why should the not-you "general public" be restricted, but not you?
Everybody should be restricted by default. If someone from the general public finds a way to hack it and bypass this restriction, I hope they have good conscience to use it an an ethical way. For what I would like to use it, I believe it would be ethical (as for what's considered ethical among street photographers and concerning street photography laws where I live).