I think you need to be very careful with this approach. I tend to be very open and tend to wear everything on my sleeve. Some downsides:
People think I am a braggart and a charlatan. I think this is partly due to talking openly about whatever my latest thought/ambition is well before there is anything to show for it. As with anyone, not all my thoughts/ambitions pan out. So I sound like I talk a lot of sh*t and don't deliver. Even in cases where I do deliver, the delivery date may be well after people have grown bored with hearing me talk about it and so it isn't really counted as much.
Security issues: I have recently concluded that laying everything out "in real time" is a security issue in that it gives people too much detailed information about my life. I have concluded it would be better for me to put a little space, time-wise or in some other fashion, between topics on my sites and where I am right this moment.
It leaves you open to personal attacks. I think people are less civil when you are out there with everything. I really don't have an explanation. Just take it as personal observation from someone who has done plenty of "letting it all hang out".
Putting out "family business" creates a real danger that issues you could have resolved privately will become intractable and unresolvable. Letting people "save face" and "forget" is a big part of letting them move on. Putting it all out there so that 10,000 other people know and will continuously remind you can make it impossible to get past something that really shouldn't have been that big of a deal to begin with.
I haven't blogged in real time about stuff in part because I think it makes you less flexible: You told a jillion people you were going to do X so now even though X isn't really a good idea, you feel compelled to go ahead and do it. Since the thing I am tempted to blog about is getting myself well when folks say it cannot be done, my life is literally on the line here. I have concluded it is best to keep my "live"/ongoing problem solving process private and share my conclusions rather than the messy, on-going process.
In the natural world, things gestate in darkness. They do so for a reason. Putting a window in a woman's belly wouldn't benefit the fetus, though I imagine it would make for fascinating viewing. Be very careful you don't kill the baby in the process. I am disinclined to think this is wise. (Feel free to chalk that up to having been burned.)
Peace. And best of luck, whatever you end up doing.