Originally Posted by Kanegasi
If an addon can do it, it is perfectly fine [...] as long as you’re actually using an addon to perform that action.
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This isn't an entirely accurate statement. An addon is perfectly capable of violating the ToS using innocent api functions; by spamming another player with automated whispers, for example.
We can pretty safely assume that identifying the contents of locked lockboxes is probably not intended behavior, even if it's possible to do it by looking at their item links.
You won't risk punishment for doing this and discarding the junk, but scamming other players by selling lockboxes that you know contain nothing of value, as is suggested multiple times in that reddit post, perhaps isn't the smartest way forward.