You wouldn't be able to use your legacy bank or vendor anything because of timers. You can deconstruct, but each time you do you would get a fresh stack of scraps each with their own timer. Running crew missions? Each time you fail is another stack with timers. Every time you open ANY crate with any activities, all items had a timer. This wasn't a short timer either. It was a 36 hour timer that only counts when you're logged onto the character.
Most people already have to use characters as storage since so much is legacy bound now. This is a much welcomed hotfix.