> currency debasement

Currency debasement is the act of lowering the intrinsic value of money, e.g lowering the gold content of a coin.

Since the intrinsic value of a bunch of numbers on a computer is 0, this is technically true, but only cause it can't go any lower.

> - arbitrary seizures

It also prevents non-arbitrary seizures as part of legitimate law enforcement action. Child porn rings, organized crime, etc etc