Virtual accounts and computer account confusion

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http://serverfault.com – This Technet article speaks of Managed Service Accounts and their local equivalents called "Virtual Accounts". I understand a "Virtual Account" is an account of the form "nt service\myservice" when used for a Windows service named myservice. The article states that Virtual accounts are "managed local accounts" that can use a computer's credentials to access network resources which I understood to mean that if they access, for example, a SQL server, they would authenticate as the computer account, just like localsystem would. I.e. if my server is named Hubert in my domain Charlie and (HowTos)