Only if used that way in a sentence.

From merriam-webster:



Main Entry: ba·si·cal·ly
Pronunciation: \'ba-si-k(?-)le also -zi-\
Function: adverb
Date: 1903
1 a: at a basic level : in fundamental disposition or nature (basically correct) ( basically, they are simple people ) b: for the most part ( they basically play zone defense )
2: in a basic manner : simply ( live basically )


> Doesn't "he is basically honest" usually imply some sort of "but" afterwards.
>
> I used to write annual appraisements and that was the sort of phrase that could cause sparks to fly.
>
>> So should 'fundamentally,' 'chiefly,' 'inherently,' and 'essentially' be avoided as well?
>>