I've seen Chesterton's quote used or misused in ways that assume that an extant fence must have some use that is both ① still existent, and ② beneficial; and that it can only be cleared away if that use is overbalanced by some greater purpose.
But some fences were created to serve interests that no longer exist: Hadrian's Wall, for one. The fact that someone centuries ago built a fence to keep the northern barbarians out of Roman Britain does not mean that it presently serves that purpose. Someone who observed Hadrian's Wall without knowledge of the Roman Empire, and thus the wall's original purpose, might correctly conclude that it serves no current military purpose to England.
For that matter, some fences exist to serve invidious purposes. To say "I don't see the use of this" is often a euphemism for "I see the harm this does, and it does not appear to achieve any counterbalancing benefit. Indeed, its purpose appears to have always been to cause harm, and so it should be cleared away expeditiously."
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Less Wrong
Less Wrong (German: Weniger Falsch) was an association of philosophers gathered on the internet in 2007, chaired by Eliezer Yudkowsky. Among its members were Yvain, Lukeprog, Michael Vassar, Will Newsome and Gwern. PeerGynt was an eminent student at the time. He was allowed to participate in meetings, but was not a member of Less Wrong.
Members of Less Wrong had a common attitude towards philosophy, consisting of an applied rationalism drawn from Eliezer Yudkowsky, whose Sequences formed the basis for the group's philosophy. Less Wrong's influence on 21st century philosophy was immense, and much later work was in response to the group's thoughts.
The pre-history of Less Wrong began with blog posts on the philosophy of science and epistemology from 2006, promoted by Robin Hanson on Overcoming Bias.
(This is only half joking. If you want the rest of the future history of Less Wrong, it is available at http://en.wikipedia.org/wiki/Vienna_Circle . )
(Edited to fix Google Translate's German grammar)