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A comment on Coinbase S-1. Parent comment

Re:Coinbase S-1 by codehalo on Thursday February 25, 2021 @11:52AM (#26264895)
Bitcoin is not stored on your HDD, or on a local wallet. The "local wallet" simply points (or references) an address on the bitcoin blockchain. There are obviously more details, but you can do your own research.
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Re:Coinbase S-1 by lxgr on Thursday February 25, 2021 @12:34PM (#26265471)
Isn't this functionally equivalent to the statement "(access to) the coins is stored on your HDD" for most purposes?

Not all discussions require the highest level of technical detail.

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