I'm more then willing to update any post you need updated
That's great and all, but terribly inconvenient (for both you and us). I was told that was an option, but decided it wasn't worth the effort when I would normally edit my post as much as 10+ times in a day, depending on how many ideas came to me on a given day, or the suggestions that were made. Given the choice, I decided to just close my thread instead. We should just be allowed to modify our posts like 90% or every other forum out there.
What Goldenglade said is probably the biggest argument in favor of removing the modify timer. If mods are willing and capable of editing posts for people, why can't the people just edit their own posts?
Although what Milevan said is probably the biggest argument against it. Do we really want certain posts being edited all the time? It's fine and all for guides that need to be updated regularly, but what if they're in a discussion and keep changing their mind. Suddenly a past post is changed, but someone had already quoted an earlier edition. Arguments break out about lying and putting words in someone else's mouth. Certainly an extreme case, but it could happen. It also becomes more difficult to keep track of discussions. People may change their mind and go back and edit posts, someone trying to follow the conversation later would end up completely lost. Then there's the trolling that could occur. Players posting inappropriate things in very old posts, making it harder on the mods to keep track of.
So it's not a perfect system, but it does prevent some ugliness that could occur. So I suppose I'm on the fence on the issue.