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RE: Unlimited Content Editing
Not a lawyer, but I think it's also a good way to prevent copyright issues and potential lawsuits. Imagine getting a cease and desist order, somewhere down the line, from someone saying they own the copyright to a picture or video you posted and would like you to take it down. This way, users can resolve the issue with a simple edit. It also makes sure that Steemit, Inc. cannot be blamed if its users publish plagiarised content because no one can say that Steemit's system is preventing them from removing the plagiarised content after the first 7 days.
The only drawback is that the original post still remains on the blockchain (as it should) but most people don't look that deep so hopefully those copyright laws will catch up...one day?
True. That always seems to be the case, though. With the laws trying to catch up with technology and the individuals like us dealing with the inconvenience in the mean time.
For laws to exists there has to be a need for them first :)
That's true. It would be nice if it didn't take them too long to catch up. And it would be better if the laws catching up didn't include lawmakers overreacting to everything they don't understand, yet.
I think we have a better chance of finding unicorns.
That is a good point!