Yours Facebook Wall status editing options may not be displayed at this time. In that case there is no reason to worry. It is expected that you will get the evil in the near future. And yes, after editing the status, others will be able to see the old version in the form of history. (Just as in the case of comment editing);
In mid-2012, Facebook first introduced the facility to edit comments. If there is a misspelling or grammatical problem, we often delete the status, so the likes / comments are also deleted. This problem will no longer exist if the post edit option is turned on.
Would you be happy to have the option to edit the post? What good is a web site if it simply “blends in” with everything else out there? You can share with everyone through comments!
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