The big difference is one's eyes cannot be used to record and share events in perfect detail. What happens between people stays between people, or relies on low reliability recounting. This is of course without even hitting on what you mentioned - that this is all being beamed back to Meta who's going to try to monetize it in any way they can, and then likely further onto the NSA who's sole purpose in modern existence seems to be to try to create Precrime.

And in exchange we get... what? Somebody can record things slightly faster than the approximately 3 seconds it'd take you to do so on your phone?