> The location is where the secret key is stored. What does that even mean, lol? If I put the secret key, in a private dropbox account, do I no longer have to

> The location is where the secret key is stored. What does that even mean, lol? If I put the secret key, in a private dropbox account, do I no longer have to declare the wallet to anyone? What about if I simply memorize the password? Its not that simple, to determine where a secret key is stored.