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People like myself are Stack Exchange trusted users with thousands of reputation points and hundreds of badges. In other words, we've proven ourselves as people who are assets to Stack Exchange and are a key component in making it so profitable.
As such, I was surprised when I posted a question on the User Experience meta site, and then shortly afterwards tried to report a bug on that same meta site, but was blocked with a message in red stating I had to wait 40 minutes before posting again.
Why is this limit present for trusted Stack Exchange contributors, and can it be changed?