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###Proposed Transactions

###What is in your wallet?

###This is weird!

Proposed Transactions

What is in your wallet?

This is weird!

This isn't really a case of money being "in transit" or "not in either wallet" or "not yet received".

This doesn't happen to every transaction, this is rare, it isn't really a case of money being "in transit" or "not in either wallet" or "not yet received".

The reason I put "in your wallet" inside scare-quotes the first time I mentioned it is that Bitcoin wallets don't really contain money. They contain a secret number, called a private-key, that can be used to prove you control some money (own some money). Anyone else who knows that secret number can take money "out of your wallet". Money isn't stored inside Bitcoin wallets but we go along with the charade because it is a useful shorthand that makes it easier to talk about Bitcoin. It is a useful way to explain Bitcoin to beginners even though it is misleading and unsafe.

The reason I put "in your wallet" inside scare-quotes the first time I mentioned it is that Bitcoin wallets don't really contain money. They contain a secret number, called a private-key, that can be used to prove you control some money (own some money). Anyone else who knows that secret number can take money "out of your wallet" from afar without any access to your wallet! Money isn't stored inside Bitcoin wallets but we go along with the charade because it is a useful shorthand that makes it easier to talk about Bitcoin. It is a useful way to explain Bitcoin to beginners even though it is misleading and unsafe.