Sounds very 'nanny state' to me. Surely what I post is my content, and I have the right to edit it as I see fit?
Seriously, what scenarios do you see this restriction being beneficial?
There have been times members have said something, a reply has been made, and them member changed what they said. Given it is not said often, however a 10 minute edit time should be enough to fix any errors.
The content you post is content of The Reefuge. You give The Reefuge non-exclusive rights to do what we like with the content. It is in the terms and conditions of using the site. Many times in other forums that I have been an administrator of a disgruntled user will ask for their account to be closed and all of their posts wiped out. This, as you know, is extremely bad for the site as threads are basically rendered unusable at that point.
To prevent the information on The Reefuge from being torn apart, it is agreed upon by the member that whatever they post, The Reefuge is allowed to copy and distribute it anyway we see fit. Although the content remains yours, you wave the right to ask for it to be taken down.
We may install something that will still allow users to edit their posts, but it will record the edit versus the original. That way if a fight ever breaks out we have the original to work with. This may prove a better system. That way both users can edit as much as they like, but we record everything from the back.
Thanks.