Built against `master` branch 801dd40666d1e6009920ad3ff755c7bb993b2a62:

If I have no wallet.dat file and run:

    bitcoind -usehd=0

A new wallet.dat file is created and an HD seed is assigned.

I see an error message in the source:

    "Error loading %s: You can't disable HD on an already existing HD wallet or create new non-HD wallets."

but that doesn't get shown because `fFirstRun` is true, and so the code which checks for `-usehd` values doesn't run.

If it's no longer possible to create non-HD wallets, specifying -usehd=0 when creating a wallet should be an error, and not get silently ignored.
{
    if (IsCrypted())
        return false;
    CKeyingMaterial _vMasterKey;
    _vMasterKey.resize(WALLET_CRYPTO_KEY_SIZE);
    GetStrongRandBytes(&_vMasterKey[0], WALLET_CRYPTO_KEY_SIZE);
    CMasterKey kMasterKey;
    kMasterKey.vchSalt.resize(WALLET_CRYPTO_SALT_SIZE);
    GetStrongRandBytes(&kMasterKey.vchSalt[0], WALLET_CRYPTO_SALT_SIZE);
    CCrypter crypter;
    int64_t nStartTime = GetTimeMillis();
    crypter.SetKeyFromPassphrase(strWalletPassphrase, kMasterKey.vchSalt, 25000, kMasterKey.nDerivationMethod);
    kMasterKey.nDeriveIterations = 2500000 / ((double)(GetTimeMillis() - nStartTime));
    nStartTime = GetTimeMillis();
    crypter.SetKeyFromPassphrase(strWalletPassphrase, kMasterKey.vchSalt, kMasterKey.nDeriveIterations, kMasterKey.nDerivationMethod);
    kMasterKey.nDeriveIterations = (kMasterKey.nDeriveIterations + kMasterKey.nDeriveIterations * 100 / ((double)(GetTimeMillis() - nStartTime))) / 2;
    if (kMasterKey.nDeriveIterations < 25000)
        kMasterKey.nDeriveIterations = 25000;
    LogPrintf("Encrypting Wallet with an nDeriveIterations of %i\n", kMasterKey.nDeriveIterations);
    if (!crypter.SetKeyFromPassphrase(strWalletPassphrase, kMasterKey.vchSalt, kMasterKey.nDeriveIterations, kMasterKey.nDerivationMethod))
        return false;
    if (!crypter.Encrypt(_vMasterKey, kMasterKey.vchCryptedKey))
        return false;
    {
        LOCK(cs_wallet);
        mapMasterKeys[++nMasterKeyMaxID] = kMasterKey;
        assert(!pwalletdbEncryption);
        pwalletdbEncryption = new CWalletDB(*dbw);