In accounting terms, the blockchain is more like a journal than a ledger. It's your wallet that's more like a ledger. And Bitcoins are "stored" in the blockchain. Your wallet only provides the running total. It's the chain of transactions that legitimizes your Bitcoins, so it's the blockchain that actually stores the Bitcoins.
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My favourite: If you don't have a sense of humour, why did you sign up?
In accounting terms, the blockchain is more like a journal than a ledger. It's your wallet that's more like a ledger. And Bitcoins are "stored" in the blockchain. Your wallet only provides the running total. It's the chain of transactions that legitimizes your Bitcoins, so it's the blockchain that actually stores the Bitcoins.