Thanks for these clarifications, I've updated the parent/grandparent post reference. The Steem Power -> Steem conversion process I am still trying to get my head around though. Is the 'Power Down' like a state switch on the wallet rather than an instantaneous action? So I basically leave the wallet in 'powered down' state for as long as I like, which then means that each week I get 1/104th of the Steem Power converted back to Steem (so I can move it into Steem dollars or sell it on an exchange), which then conveniently works out that the whole thing will be drained in 2 years (52 weeks * 2 = 104 weeks)? So if you wanted to take out 25% of your holdings of Steem Power it doesn't take 2 years, it takes half a year?
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Correct