This is a very interesting and fascinating question! I like it.
So; what would it be like to live that way...?
I think it would be restrictive and stifling. You'd always, always, always be on your absolute best behavior. You'd always be aware of the fact that you were possibly being watched and monitored, and so you'd make sure you didn't step one toe out of line. There wouldn't be much freedom at all.
I hope this answers your question.
Regards, Toremi*
(*My name is not Toremi. It's my nickname, and it means affogato in another language. The name was given me by an old online friend, because I like affogato too much.)