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March 24, 2013, 05:30:20 PM |
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The money is not in the wallet. It is in "the cloud". The wallet merely contains the passwords (privkeys) that enable you to spend the money by sending it to someone else's address.
For example, all of my own personal day-to-day wallets (on cellphone, tablet laptop, desktop, and blockchain.info website) contain copies of the very same privkeys. All of them. Thus, I can spend from the same privkeys no matter where I am.
On the other hand, my nest-egg savings privkeys are not loaded into any wallet anywhere. Again, my nest-egg savings are in the cloud, but cannot be spent by anyone. If/when I want to spend money from a nest-egg amount, I shall load its privkey into a wallet (any wallet) and spend them.
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