It updates some of the information in the answer, which makes it work keeping, but also adds some commentary (which can change intent), and it makes some changes that appear to be incorrect.
A fair bit has changed in Magic since the original answer (Player base growth, block redesign), but it feels like the editor changed enough to warrant "new post" rather than edit.
Don't worry, I wouldn't have edited without doing my research. And that edit looked like too much work for me
It's a huge post
@murgatroid99 Any issue with me restoring the accurate parts of the edit? Specifically, "Cards stay in Standard for approximately 15-18 months", and eternal => non rotating
@murgatroid99 How do you feel about that edits extra commentary on Modern? It is true that Modern has settled down a bit now that they aren't banning something new every year to shake up the PT meta
@Rainbolt It's been a while since I've been able to play Modern so while I knew those had been banned I forgot how recently it was. It was mostly remembering that the last 2 B&R updates have been no changes to any format.
Does anyone know how pricing on MTGO compares to paper? Since this answer says they are about the same, but I was under the impression that MTGO tended to be quite a bit cheaper.
@diego yeah, it is, except for mythics (generally speaking)
I'm sure you can find precise statistics somewhere, but my rough impression is that bulk rares in the $0.10 pricing class in paper might cost 0.02 tickets online, and popular rares which are $50-ish in paper are typically more like 20 tickets online.
I've updated the answer. I added sections for Commander, Draft, and Sealed, removed the added commentary for the different formats, updated some formatting (mostly making headers actually headers and not bold), and a few other minor rewordings.
Let me know if you think anything I changed should be un-done or has incorrect info
@murgatroid99 I was a little iffy on adding those, but since the answer already had descriptions of the major constructed formats I thought it would be ok. If other people feel the same way you do I'm ok with removing them though