Part 6/17:
A significant challenge for adoption lies in the metaphors and terminology borrowed from traditional finance. Labels like "wallets," "coins," and "accounts" are misleading because they create false expectations.
Wallets are not physical wallets but keychains. They store cryptographic keys, which are the real assets controlling Bitcoin.
The term "coin" is even more confusing, as in Bitcoin, there's no such thing as physical coins or even a single, indivisible unit called a coin. Instead, the network deals with transaction outputs—divisible chunks of value that are not trackable as "coins."
Bitcoin addresses do not have balances in the traditional sense; they control outputs, which collectively determine spendable funds, but this is often misunderstood.