RE: DEX Market Maker Tutorial: bits and btsbots

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DEX Market Maker Tutorial: bits and btsbots

in bitshares •  8 years ago  (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?

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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

Screen Shot 2017-04-30 at 12.50.52 AM.png

This problem occurs with @openledger wallet

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...