You still create an account even if you use the wallet model, but the private keys of that account are then stored in what we call the wallet, as opposed to the account/password model where the private keys are generated from your password.
The account model let's you login directly from new computers or browsers without using a backup file, that's why it's convenient.
The wallet model is tied to a database stored in the specific browser and computer you first used to create the account. If you want to use it anywhere else, you need to restore from a backup.
If I told you I originally signed up for the account model and the password doesn't work to log in, would you believe me? I honestly did and can do it again with similar results. Is it possible there's a bug with this? I think I understand the wallet/account model to the way you're describing it except for one big issue which is the password is not working for my account.
Could be easy to write it off as I didn't do the right thing, but I'm pleading with you that I did. I didn't even know what a wallet was (at the beginning while signing up) and didn't toggle over for my registration. Now, if I created one in the future it would not have deleted my account password, so in theory I should be able to log back on to the original account on a different browser using my initial set up account.
Not trying to debate, just trying to get access to my account back and enjoy the bitshares site more and more with voting and referring and keeping bts moving into hero, but I want to do so using the account model for less stress rather than maximum security. Right now, for me, the account model is absolutely in no way working other than if I create a new account every time (which I prefer not to do) or use exclusively the wallet model (which I'm not crazy about but will do).
td;dr: I understand the wallet/account model set up. My account password still won't work with the account I initially set up. Can we bring this up as a bug? I promise you I have an account I set up that's not a wallet -- trevor-utz.
Bless you for responding.
-Trevor