I think the main point I'm trying to make is there are two types of debt. If I borrow $10 of gold from you and pay you back with $10 of silver, we have settled the debt.

But if the government borrows $10 of your gold and prints $10 of fiat to pay you back, while you have received an equivalent amount, the government hasn't paid you, everybody who holds dollars has.

$10 is not significant, but what happens if, in the future, we lend the government $315 trillion of Bitcoin and they pay us back by printing $315 trillion dollar bills?