Unlimited edits are great and for someone who was missing this feature from the day one itself it just makes my life a lot more easier on TE.
But yet the concerns raised by some members that this feature will result in chaos in threads and may affect coherency of the posts are true as well.
While I would never want this feature to be scrapped, It would be great if "Reason for Editing" made compulsory instead of being optional
If most users are true in their edits, compulsory "Reason" will help in keeping coherency of the thread.
Also, forcing even a slightest of more effort on part of users do wonders to keep check on trolls.
Even a better option could be forcing "strike through" on edits. I have no idea how it could be implemented but one thing is sure that if it can be put to use it will bring a complete transparency in posts and will take care of coherency and chaos issue.
My two cents
But yet the concerns raised by some members that this feature will result in chaos in threads and may affect coherency of the posts are true as well.
While I would never want this feature to be scrapped, It would be great if "Reason for Editing" made compulsory instead of being optional
If most users are true in their edits, compulsory "Reason" will help in keeping coherency of the thread.
Also, forcing even a slightest of more effort on part of users do wonders to keep check on trolls.

Even a better option could be forcing "strike through" on edits. I have no idea how it could be implemented but one thing is sure that if it can be put to use it will bring a complete transparency in posts and will take care of coherency and chaos issue.
My two cents