From: "Luke-Jr" <luke@dashjr.org>
To: bitcoin-development@lists.sourceforge.net
Date: Wed, 23 Apr 2014 20:32:07 +0000
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	<201404232009.08791.luke@dashjr.org> <53581FAD.5010806@gk2.sk>
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Subject: Re: [Bitcoin-development] New BIP32 structure
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On Wednesday, April 23, 2014 8:16:45 PM Pavol Rusnak wrote:
> On 04/23/2014 10:09 PM, Luke-Jr wrote:
> > Scan all branches for UTXOs, then you have the balance for the wallet.
> > Account balances are metadata, so cannot be known from the seed alone.
> > If you want to have a way to restore accounts, you must define some more
> > detailed wallet file format (which could be built on top of this).
> 
> I think one of the following is happening:
> 
> a) you have not read the document
> b) you don't understand what accounts are, because you have not read
>    the document
> c) you don't understand how restoring accounts work, because you
>    have not read the document
> d) you don't understand that accounts funds are not meant to be mixed
>    together, because you have not read the document
> e) I got your emails wrong because I am not a native speaker,
>    but please read the the document ;-)

You missed one:
f) I missed the part where BIP 32 redefined "account" to mean "subwallet" 
instead of what has traditionally been called "account" in Bitcoin.

:)

In that case, single-subwallet wallet software probably needs to have the user 
provide a subwallet number in addition to the seed.

Luke