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[–] 18180329? ago 

What you described already exists. It's called end to end encryption, some sort of telegraph group for example.

There is no need to post things publicly if they are encrypted, you would be generating metadata (people would know when you post, how many posts, the poster IP, etc). And if the password was hacked they could read all the messages.

Also your approach would still fail if you trusted the wrong person so there is no advantage.