I'm not referencing speculators necessarily with my comments and I noted that elsewhere. If someone is a user or a long term investor and has had a change of heart (even after five years) and no longer supports the platform, I see no value in keeping them around longer just to prop up the market.
As someone else noted in the comments, many if not most speculators don't want to lock up their funds at all and three months is still too long. I don't really view the reduction in lock time as appealing to speculators, I view it as reducing the cost of entry for those who do intend to remain involved and invested indefinitely but aren't comfortable with a two year (one year average) exit lag.