RE: DEX Market Maker Tutorial: bits and btsbots
@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?
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.
This problem occurs with @openledger wallet
https://openledger.io (newest interface)
or
https://bitshares.openledger.info
The old one, didn't know about the new one. TBH, Bitshares is acting weird right now.
The only odd thing in Bitshares is that its valuation is less than 1 billion
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.
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 :)
pls chk your BTS account READMEMO message awaiting...