Hi All,

Sorry for my quietness recently, things haven't been so great.

I've been talking to NWO and Tristan from poloniex to get an interim plan in place. So to keep it short:

• WOLF will be moving to a mined coin with a small block reward (previously outlined) and a small transaction fee (0.01) in the next 24 hours, I'll contact Pompobit to get windows-qt clients released, and will liase with tristan to get Poloniex on to the new clients - for other targets it'll be the same as usual, compile from github or download the updated qt/daemon.
• No delisting will happen, rather this will free up WOLF to be listed at multiple sites, including of course, Poloniex.
• In the interim NWO will either fully or partially manage WOLF, including working through any decisions the community wants, distributing coins or destroying it, and so forth. I'll still be in the picture but taking a back seat on the day to day basis.
• All development plans are still on the cards, just delayed somewhat due to personal circumstance. The above two steps will free me up to concentrate on that side of things.

I'd like to apologise for any concern caused, and will be updating along with NWO over the coming hours and days.

I'd also like to confirm that all coin is safe and unspent, and that contrary to this being a scam, I'm actually rather out of pocket over it, I've been paying 0.65 BTC every week to keep the network going since inception, have a decent amount of WOLF which I've bought myself, and have been paying for a full dedicated server for the project etc - and the added weight that people I know and like are invested in this to various degrees.

Simply my life is hectic and very stressful at the moment, almost at breaking point, and WOLF had become a stressful problem rather than an enjoyable project. This approach clears up the stressful side and allows me to dedicate any free time to positive steps development wise. There's a load of partially complete work, prototypes, two domains, and a good server for everything, it'll be great to get back on to that side of things.

I'm trying to keep positive at the minute, so I'll let NWO fill me in on the positives & negatives from the thread later, discuss, set all this in motion, and we'll update later tonight or tomorrow morning with what's happening, the aforementioned implemented, and get this going again properly.

Best Regards to you all.

Sorry, but I'm very tired now it's been a long day. I'm going to put re-branding the client as a second priority and pull somebody else in to help with graphics during the week as Pompobit our maintainer is away until the 6th of may anyway to compile the windows-qt. I'll focus tomorrow am (uk time) on polishing off the website with wolf-auth and web-mining integrated and getting it live, shouldn't take long in the am. Apologies, I should have prioritised earlier rather than trying to do it all myself. I'll update first thing when I'm around.

Today is fine Putting the finishing touches on "project wolf" during the course of the afternoon and it'll be live tonight

Yes, however long it takes. Yes half of it. Yes I'll be buying from the batches as it makes the most sense when I'm in this long term, triples the weight of my purchase.

The buyer deferred until the website goes live on the 29th, partly to ensure investment, and partly because the alt they were switching from was on the short term rise. I've still to make a mid sized purchase myself in the next few days too (~20 btc).

Gladly,

History
WOLF started out as a gamified experiment to try to prove that if the majority of holders believe in the value of a thing, that thing will have (potentially unlimited) value.

An environment was set up where a fixed supply of 1,000,000 coins were minted, 10% were destroyed through transaction fees, and 9 sets of 100,000 coins were made available. The game was simple, all coins were sold at 0.001 BTC per coin, and each week all funds from sales went in to the market to buy as many coins as possible. Those acquired coins were destroyed, taken out of the experiment.

This meant that all cheap coins were taken out of circulation indefinitely, all holders knew that the majority could be classed as strong hands, and all short term traders could make a small profit.

Preliminary Findings
After 6 weeks it became clear that certain entities were bringing too much weight, exploiting the game in order to make a small profit on a large number of coins, therefore limiting the value of wolf to be around the supply price.

Long term holders could be classified in to two categories:
1) Those that followed the notion that "if the majority of holders believe in the value of a thing, that thing will have (potentially unlimited) value"
2) Those that partially agreed with the above notion, but also believed an offering had to have technical merit's of it's own to reinforce value.

The Change
With ~300,000 coins left to distribute, the "game" was changed to more of "pump". It was designed to encourage exponential growth and prove the notion that "if the majority of holders believe in the value of a thing, that thing will have (potentially unlimited) value", based entirely on each investor/holders trust in their fellow investor/holder.

The price of coins from the supply incrementally rises, and the proceeds from sales create ever growing buy walls and buy support, again with the destruction of all coins acquired back. This new approach was refined and approved by the majority of holders (critical: holders - those who had already bought WOLF).

Secondary Findings

People who already followed the notion had already bought and held - thus were not bringing new btc to the pots.
People who believed distinct technical merit was needed held off.
Many who want to invest needed to see the theory partially working (others buying) before they added weight, bought, and encouraged others to buy.

This has created a period of uncertainty around WOLF where several things are happening:
1) Some people are committing to a loss and "getting out"
2) Many people are sitting tight and waiting
3) Some people are bringing BTC, but using it to acquire cheaper than the supply price on market, in order to maximise long term profits.

Additionally, I've had two personal events, a major unexpected long term illness with my wife, and a minor illness myself this week, which have exacerbated the situation.

Current Situation and Future

It has become clear that the only way to prove the notion "if the majority of holders believe in the value of a thing, that thing will have (potentially unlimited) value" is to bring in fresh investment to get the ball rolling.

... and the only way to bring in fresh investment is to appeal to those that believe a coin needs innovation and technical merit in order to have value. (i.e. it proves that blind faith and agreement of value cannot be the only factor in determining true value, the thing must have intrinsic value itself).

Thus, in due course a plethora of innovative features will be built on WOLF to create the first third generation, web mounted, crypto currency eco system. Many of these innovations have already been prototyped by myself over the last couple of years, WOLF will bring them all together and be the working prototype for the next generation of "coin".

On the 29th April the new website will launch, which will have full details, and more over working demo's of many of the innovations. From there each innovation will mature from prototype, to test network, to main network, in turn, until eventually we have a full new ecosystem mounted on the web, with the legacy peer to peer system bootstrapped for redundancy and backwards compatibility.

The ~300,000 WOLF supply remaining, and the distribution model for it still holds and will still happen, it just needs the technical merit to get it started properly.

For the next four days we can expect the same rises and falls, unless somebody buys in early. The main server for WOLF is fixed and back up, mining rigs to run the network in the interim are now secured and working, and website + feature development is under way.

Features include, but are not limited to:
 - http(s) mounted decentralized and distributed block chain, restful data transfer, extensible data which allows any data to be carried (and signed/encrypted) within each transaction. This harnesses the true power of the bitcoin paper, the blockchain, and treats it as a massively scalable cryptographically backed distributed database which can be used in virtually any scenario.. a new data layer for the web.
 - anonimized cryptographic authentication protocol, building on key pairs this allows anonymous authentication, where a person can claim an identity if they so wish by proving they have the private keys used to authenticate. Additionally, like the bitcoin protocol it allows new keys for each use, thus exposing no link between authentications and identity across different uses, times, or domains.
- in chain mining parameters, all info required to mine the chain is encoded in the chain, creating an abstract mining protocol which any mining hardware/software can incorporate to automatically configure itself.
- browser based share mining, this allows anybody anywhere to mine on any device, and moreover treats mining as a useful commodity, web pages and content can be monetized in this way, and it could offer a healthy alternative to the advert sponsored web we see today.
 - useful hardware mining, as the chain allows any kind of data in transactions, mining rigs can be moved to a position where they support real networks of useful data used in a variety of applications, rather than just currency chains of transactions.

There are several more, and lots of details and minor points in between, but hopefully that gives an indication of the current status, history, and future of WOLF.

yes it's sorted at last network card was faulty in server.

can somebody ping 5.9.111.71 and see if it's up? having real trouble connecting to the server from here

Can almost see this evening time to get working!

Not quite as healed as I'd hoped this morning - I'm going to rest up for another hour or two then try again, apologies for the minor delay and promise some forward movement today

Hi All,

I've had a couple of messages with some concern (understandably!).

I'm still here, no bitcoins or wolf stolen, removed, or anything of the sort. I simply have a bad case of conjunctivitis (eye infection) and can barely see the screen to do anything. I'll put in some hours tomorrow morning UTC to get everything ship shape and on track. ~12 hours and your concerns should be en-route to being alleviated.

Many apologies for any stress incurred, I'd hoped the message would have been past on from a few people I told via email earlier in the week when they asked.

I'll update in the morning and get things moving, again apologies.

InsanityDev.

The first 5.5 pots are provisionally sold, BTC will be added to the market tomorrow or saturday (converting it from an alt to btc at the moment off market). I'm also buying 20 BTC worth myself on sunday or monday.

So this weekend should see things start to move considerably.

Also remember there are a host of features being released on the 29th April - at which time we should have the first web mounted coin bootstrapped to the existing peer to peer blockchain/network.

edit: strongly considering rebranding the coin too, thoughts on this are welcomed.

Largest investor forcing some people to sell lower I do believe, appeared to work as well..

hmm, I'll check that out

That's fine by me; the caveat is that no orders would be able to go up until there were 3 batches sold (else no refunds would be possible as btc would be on market).

Some more good news.

If it helps any, I asked many of you to express intent, and the summary of that is that between you you have about 60 BTC to put in to start, but all want to see a random pot between 2 and 6 sold first! Nobody wants to move first without the others.

I'll have an update on that in the next few hours

The current status is:
Roughly 173k WOLF are in circulation with the remainder destroyed, of that all but 38,000 is unaccounted for (as in I don't know who has it), with the rest held by investors or long term holders of various sizes. That 38k figure will drop as I'm waiting on two more replies. 'm expecting there to be about 15-20k in hands who haven't expressed any intent on what they want to do, so must assume dump on the way up.

Moving forward, one of the larger holders has expressed interest in buying about 130k from the pot over the next few days, which would really get the ball rolling, and numerous others have expressed intent to buy various amounts once the pots start moving.

Things appear to be turning.

Regarding multipool, that's viable, in fact there has been one since day one to technically support the mining contracts which run the WOLF network.

Update with the current status of WOLF coming shortly, getting the last two figures I need now - looks very positive!

Things appear to moving, several interesting conversations from holders in pm and via email, conversation with a couple of investors too..

It would be very good to know who's intends what - if we're not already in contact and you have say 5000+ please do give me a shout with a ballpark figure of what you've acquired, whether you're in for the long or short haul, and if you may bring any btc to the table too.

Thanks all.

y3804 and blockchains were the two that undercut everybody (and each other) racing each other and everybody else to less and less profit. If either of them joined this phase properly it would be great, but they could also do as much damage as good depending on how much weight they bring, and how short term / selfish they trade. (No offence to either of you, in the game you played hard and well).


I'm 99.9% sure it wouldn't work, IG-unknown would dump at some point and you'd be left holding more than you want with your BTC out of the game.

As with all coins, it requires a number of holders and buyers to become strong. Hence the plan for this phase suggested.


Correct, It's the only viable way forward for us all.


Viable, the primary concern is having a strong chain, at the minute I pay for mining rigs to support the chain - but can't indefinitely as it's quite a cost each week out of my own pocket.

I'm missing InsanitySunday this week, and feeling a bit down to be honest - everything is down on every coin I personally hold, WOLF has been a time and money sink (although I'm still 100% behind it). I've decided to stop worrying about the other coins I hold and just wait it out, concentrating on WOLF (mentally/emotionally).

Open Question: I feel like I'm missing something, throughout my involvement with crypto's over the last few years, it's appeared to me that all each trader really wants is a dumpless coordinated pump, with no surprise dumps from people who got in really low or miners, and where the coin ends up with solid buy support that incrementally backs up any natural rises from new people joining the coin, thus ensuring a profit and ensuring stability of holdings. I was and am quite sure that this phase of WOLF provides that, so very surprised that the response has been so low. What am I missing here? Is there an obvious hole/exploit in the plan I'm missing, or do other traders prefer to leave it up to chance with random-alt, or?