I don't even think that is the best defense because it takes a very passive acceptance to it. On the flip side, if someone steal my bike or assaults me in public, I'd like there to be some accountability which would otherwise never happen (and vice versa). In the past, if a white lady were to accuse a black man of some crime, then it was practically impossible to fight it. With CCTV, you can prove innocence and guilt a lot more conclusively.
Don't worry, a random Ring cam will record everything. Hope my neighbor likes keeping track of me checking my mail.