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Since a large portion comes from absorbing the value fiat currently has as a store of value, the devaluation is implicit. So, maybe those should be considered to be 43B devalued dollars.
I was mostly following the logic, but some of the specifics probably slipped past.
I think I am on track to seeing what he is getting at but I need to watch the video to see if I really am or I have just confused myself further.
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