Your points and valid and desired by many @creatr.

As a long time website/database developer and someone who has grown to despise most social media/blogging platforms, partly for the reason they CAN be edited which creates an environment of distrust, you said-no I didn't, post deleted, type situations.

I would like to add one condition to the perpetual edit (would should take only minutes to recode as you suggested), because I do feel we need it here on Steemit to ensure accurate quality content - a public change log within the post itself. Not hidden off in the blockchain where you need "computer skills" to find and figure out what was done and when. Perhaps in the icon set next to reply, etc. Click it, and it drops a div with the change log history in plain text. Simply transparency. This would take a bit more time to code into the platform, but it's well worth it for everyone.

That way there is trust all the way around between the platform provider (steemit), content creators, content curators, and casual readers.