I completely agree, and I'd rather that it's done this way, I believe the benefits far out weight the risk of abuse.
On the other hand, with old fashioned paper journals, you could get all copies and store them yourself. If you lose them they're gone too. If there was a cryptographic construct where the access of data would require a public action, i.e. "to assemble the key to decrypt this data, I need to broadcast this to the world", then I can think of a number of good ways to store things with a robust accountability feature.