That is the logical way to look at it.
In my experience logic takes a back seat in the broader “crypto” market.
Edit: @happybeing I am struggling to convince myself that a 1 to 9 conversion won’t cause a run on MAID.
Here is my rationale, maybe you can convince me that it is flawed.
If I own 1% of MAID in circulation now that never meant that I would own 1% of total SNT to exist in the future.
My 1% current supply would not increase over time as SNT is released.
Actually my 1% of circulating supply will steadily drop as circulating supply increased with new issuance of SNT by the network to anyone who farmed. Unless I kept buying or farming at a rate to maintain my 1% share of network tokens.
But with the new proposal my 1% share of MAID now guarantees a 1% share of total network tokens to ever to exist.
My incentive is thus far greater to stockpile MAID now than it was before, no?