Doing this requires massive tangible infrastructure subject to seizure to pay your new bad debts as you become subject to arrest in a lot of the places one may want to spend time in.

This doesn't seem like as much of an actual risk. A better way to make money would be to create a perception that the value of the coin is at risk before buying it cheap.

Actually devaluing it doesn't seem worthwhile financially.

> become subject to arrest in a lot of the places

I have an idea for a much cheaper way to store and transfer money that also relies on the existence of a police.