Speed Dream 27 Prototype

basically
ˈbeɪsɪkli/
adverb

1. in the most essential respects; fundamentally.
   "we started from a basically simple idea"
   synonyms: fundamentally, primarily, principally, chiefly, essentially, elementally, firstly, predominantly; More
   
   • used to indicate that a statement summarizes the most important aspects, or gives a roughly accurate account, of a more complex situation.

Since the passage was preceded by the phrase "I think his reply was basically....." then given the definition of "basically" it would be apparent to any reasonable person that it was a paraphrase.

 

That could be a problem.