The way I understood this, the HF and PD of 1 to 3 days would be just for a few days so that the exchanges can PD the STEEM again. Then the PD period will be longer again. But I don't have a source at hand..
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Yes, something like that was implied in the meeting between Witnesses and Sun yesterday (which was after the announcement post I referred to above). But when they are mucking about with powerdowns like that. It doesn't make me feel very secure. My bank relies on the functionality.