RE: DEX Market Maker Tutorial: bits and btsbots by sandwich

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bitshares · @sandwich · Apr 29 '17 (edited)

@scythian I have a question about what is said here:

> Using BTSBots requires users to share their active permission private key so *we recommend creating a second account*

The bitshares "multiple accounts per wallet" configuration has always confused me. It would be useful if there were steps to show how to create multiple accounts. I believe this is confusing due to namespacing and particularly this paragraph in the Bitshares documentation. 

> Wallet: Since users can (if they have a lifetime membership) register multiple accounts in parallel, all of them are stored in a single wallet. Hence, a wallet can carry many accounts. Furthermore, users can create multiple wallets to organize their accounts properly.

So a wallet can have many accounts, but a wallet can have multiple wallets? My head is spinning. Basically, I have a lifetime _account_, or is it a _wallet_ (since a wallet has-many accounts?) and would prefer to use separate credentials for BTSBots but would like to utilize the low fees of my lifetime account, very unclear where to begin.

Aside: Is there a flow chart or diagram that illustrates Bitshares account/wallet hierarchy?

👍 sandwich

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sandwich	0 B		0	0%

@sandwich · Apr 29 '17

So after writing that, I saw the huge "CREATE ACCOUNT" button at the bottom of the account page. However, it never completes, throwing a series of javascript errors.

![Screen Shot 2017-04-30 at 12.52.39 AM.png](https://steemitimages.com/DQmTicAEVhPtjAySt6FkCBYczYmPpNMKGoBhryKLWwPXpPd/Screen%20Shot%202017-04-30%20at%2012.52.39%20AM.png)

![Screen Shot 2017-04-30 at 12.50.52 AM.png](https://steemitimages.com/DQmSFpbsFY2E7CoJEPBzJqrLdJdR9hjN4V78QbGx9hqetF7/Screen%20Shot%202017-04-30%20at%2012.50.52%20AM.png)

This problem occurs with @openledger wallet

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@scythian · Apr 30 '17

https://openledger.io  (newest interface)
or 
https://bitshares.openledger.info

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@sandwich · Apr 30 '17

The old one, didn't know about the new one. TBH, Bitshares is acting weird right now.

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1 reply

@scythian · Apr 29 '17

Accounts and Wallets are used interchangeably in BitShares; there are multiple permissions/private-public keys (Owner, Active, Memo) with each account.  

Do you have BTS in your account that is open when you click the "Create Account"?  Also remember to back up the *.bin file/password and since password managers are recommended it may be a good idea to save your private keys as well.

Also note the different between basic account name structure word-word versus more expensive premium naming: word.

👍 bitcointeo

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@bitcointeo · Feb 11 '20

pls chk your BTS account READMEMO message awaiting...

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@sandwich · Apr 29 '17

Thanks for the reply, moving away from using OpenLedger and using the better maintained wallet on http://bitshares.org solved my confusion. 

I backup religiously, thanks for the reminder :)

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