Quote from: Wind_FURY on January 19, 2017, 03:29:04 AM

Quote from: lionheart78 on January 18, 2017, 05:21:33 AM

Quote from: Wind_FURY on January 18, 2017, 03:31:21 AM

I made a quick glance in the thread. I want to say that technically you are not really storing Bitcoin locally in your computer. It is all right there in the blockchain. But you do control the "coins" you have by having or knowing the private key to unlock them. Cloudcoin is a closer and a more appropriate name for Bitcoin if you study at it well.

This mean you can access your bitcoin thru your computer directly with the use of software like bitcoin core wallet, or other light wallet like electrum, multibitHD etc. And you can have the wallet that contain the private key and public key to that address in the blockchain. You can also back up those access keys and be able to transfer the control from one computer to another computer.
So logically you cannot store your bitcoin in your computer but can gain access and control to it thru desktop applications.

Code:

. Every Bitcoin wallet contains one or more private keys, which are saved in the wallet file.
The private keys are mathematically related to all Bitcoin addresses generated for the wallet.

https://en.bitcoin.it/wiki/Private_key

Yes exactly. But most of the answers here show that most of them are clueless about how Bitcoin works or maybe they do not care. Read the answers right after my post. None of them care. They just say yes and tell you to download a piece of software so that you can "hold" Bitcoins in your computer.

I know. Most People here just bump into different threads just for the sake of adding their activity count or post count which is kind of annoying actually. The topics aren't going fluid and it just keeps on going over and over, people posting again the same thing, and yes they don't really care. Plus their the ones having signature campaigns while others who are much more worthy are in the waiting list. So sad for them.To the OP -your questions have already been answered. Just scroll down the comments.