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In order to circumvent a fundamental issue when studying densely defined traces on -algebras – which we refer to as the Trace Question – we initiate a systematic study of the set of self-adjoint traces on the Pedersen ideal of . The set is a topological vector space with a vector lattice structure, which in the unital setting reflects the Choquet simplex structure of the tracial states. We establish a form of Kadison duality for and compute for principal twisted étale groupoid -algebras. We also answer the Trace Question positively for a large class of -algebras.

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