You don't have to monitor anything. It keeps a log of all the messages
Not everything is ready to be posted and viewed by the public. There are a couple things we are working on that we only talk about in IRC (with previews) until we feel they are ready to be posted. We don't post promises, or what we are working on. We just post when we feel things are ready to be opened up to the public and we are confident enough it won't harm anyone with outages until the later phases of testing
I guess I'm too dumb to use your 20 year old chat room. I log in and there doesn't appear to be anyone there, no one is saying anything in the minute or two I was there. You can't even see if other users are there. And there's no way to view logs (I clicked on everything on the screen). The only thing I saw was a way to change how the chat room looked. And I don't have time for live chat so it really doesn't work for me, sorry.
There's at least 15 people in the IRC at all times, but it's fine. Let us know your suggestions here, then. If you only think we are doing everything wrong, but don't tell us how to improve it, nothing will be able to change