In a Full Reserve Storage system, yes.
To me it reads more like the purpose is to make it irrelevant when/how frequently you buy (or hold before you spend).
As is, that Safecoin you buy is always an outstanding liability - regardless of how much network capacity fluctuates in either direction.
An easy way to imagine this is SAFE Network Day 1 Hypothetical Scenario that I described in this comment:
- 4 300 000 000 MB of usable storage available on the network
- 430 000 000 SAFE coins claiming that capacity
- One SAFE buys you 100 KB ($0.11 / GB according to today’s price - btw, compare this with Amazon S3)
So there’s no question things will (at least initially) fluctuate “the wrong way”.