Wraith
Hater
Hater

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There's certainly a mixed bag when it comes to this topic, but I've always been in stronger agreement with at least taking the time to read as much as you can through each post in order to gain a better understanding of the characters, their influences, as well as an overall feeling of the mood/setting, etc. Also, I find reading through (rather than getting a summary), helps a new player when it's time to actually write out a post because their character feels that much more embedded in the story as though they'd been there the whole time.
Summaries, however, are a great alternative to at least gain a basic understanding of what's going on, but for a player who might be serious about really sinking into the role, there's no substitute for reading cover to cover.
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Said new player could start low, looking into said previous plot and then blackmail the blackmailer!
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Apologies if I implied it should be mandatory, I'm not near naïve enough to believe that any GM would enforce that. As you said, it's a very good practice that should be encouraged especially towards making this world feel persistent and player contribution valued. Nothing keeps a player committed quite as much as validation that their posts matter.
<Snipped quote by Liseran Thistle>
Previously in this thread there have been discussions for major events to be logged and a sort of summarized history created and tracked. That said, I stand by my previous statement in that players should invest the time into reading old posts and threads if they want to get the most out of the game.
Look at it this way, you can jump right into an ongoing television series and after a bit you'll start to find your way around but there will still be a lot of continuity lost on you. Most people would binge the previous seasons to get caught up and I do believe that should be the case when joining an ongoing roleplay especially one larger in size where player actions will make up the majority of the world's shape.
There is also no reason to limit force users, as a single WW1 era conventional weapon can slaughter legions of Jedi and Sith up to and including Vader levels of power. And this weapon type would have great issues with droids, giving a great power triangle if PvP is ever a factor.