[ANN][WOLF] Project WOLF

[Mary AnnPAL]

Beautiful Coin Logo&huge amounts of total coins.Please do your best to make WOLF to

popular!

[InsanityDev]

I'm about to start compiling & testing that the new client and blockchain configuration is working correctly.

Regarding mining pools, would the community / anybody like to set one up, or an existing pool add the coin, would you prefer to solo mine, or should I create a pool for wolf, or?

[capsized]

I'm about to start compiling & testing that the new client and blockchain configuration is working correctly.

Regarding mining pools, would the community / anybody like to set one up, or an existing pool add the coin, would you prefer to solo mine, or should I create a pool for wolf, or?

Personally I prefer soloing at launch and then switch to some p2pool.
I'd love to set one p2pool up for this, although I have no clue how complex that is.

[capsized]

Now, what I'm concerned about is what happened to the phase 2 funds.
Why and where were they moved without a comment from dev?
What happens to phase 2 in general?

Looking forward to mining Wolf and such, but I will also post the questions above every day until there is an answer.
I honestly don't really appreciate the silence on this matter.

[InsanityDev]

Sorry I'd missed this earlier, I haven't read through the past couple of pages of replies yet.

Now, what I'm concerned about is what happened to the phase 2 funds.
Why and where were they moved without a comment from dev?
What happens to phase 2 in general?

First and most importantly, I used 0.65 BTC from the funds about a week ago to pay for the wolf mining rig for the week, as frankly I'm out of crypto myself and holding alts which are all down in value, I'm also currently in the process of migrating to a new bank account so cannot replace it for a couple of days. By saturday, monday at the latest I'll have personal BTC again and will replace the 0.65. I should have updated the thread and asked before hand, I can only apologise, a stupid decision on my own part.

Phase 2 is still on the cards, however if there's no more movement soon it may change in price a little (in which case anybody who bought from phase 2 will be topped up), move to being managed IPO style by poloniex with the current prices, or we may abandon it all together, destroy the coins, and refund the purchases in the pot. Seeking guidance on this matter over the next few days and will be discussing with NWO and all of you hopefully.

UPDATE: Removal of tx fee and new block reward

The following has all been implemented:

• 2 minute blocks, 12 hour diff retarget
• removal of percentage based fee, replace with a traditional fixed 0.002 WOLF fee
• a block reward of 0.48 WOLF for 17 weeks, this will produce 27417.6 WOLF (1612.8 per week)
• a block reward of 0.24 WOLF for 26 weeks, this will produce 20966.4 (806.4 per week)
• a permanent block reward of 0.12 WOLF thereafter (this will produce 20966.4 per year)

Github has been updated, windows-qt is coming shortly from Pompobit, and I've contacted Poloniex to get them to update their daemon.

Important: Do not send any new transactions over the WOLF network until the main nodes are updated and you are using the latest qt!

I'll update the thread shortly when the migration to the new configuration is complete on the main nodes and our windows qt is compiled and uploaded.

Thanks.

[Zeegeuze]

Phase 2 is still on the cards, however if there's no more movement soon it may change in price a little (in which case anybody who bought from phase 2 will be topped up), move to being managed IPO style by poloniex with the current prices, or we may abandon it all together, destroy the coins, and refund the purchases in the pot. Seeking guidance on this matter over the next few days and will be discussing with NWO and all of you hopefully.

I vote to try to raise the price, as agreed in phase 2. Hopefully this is still possible, as there are huge amounts of BTC on the way to 0.001 BTC...

[InsanityDev]

Phase 2 is still on the cards, however if there's no more movement soon it may change in price a little (in which case anybody who bought from phase 2 will be topped up), move to being managed IPO style by poloniex with the current prices, or we may abandon it all together, destroy the coins, and refund the purchases in the pot. Seeking guidance on this matter over the next few days and will be discussing with NWO and all of you hopefully.

I vote to try to raise the price, as agreed in phase 2. Hopefully this is still possible, as there are huge amounts of BTC on the way to 0.001 BTC...

I have a feeling they would move on the way up, time will tell.

People have already started mining WOLF which is good. Main node is updated, awaiting confirmation from Poloniex and Pompobit.

Swapped back to working on the new features, will need a few of you to test web mining in the next 24-36 hours. I'll post links here when it's up and working (or should I say it's working, just need to make it cosmetically nice).

[capsized]

First and most importantly, I used 0.65 BTC from the funds about a week ago to pay for the wolf mining rig for the week, as frankly I'm out of crypto myself and holding alts which are all down in value, I'm also currently in the process of migrating to a new bank account so cannot replace it for a couple of days. By saturday, monday at the latest I'll have personal BTC again and will replace the 0.65. I should have updated the thread and asked before hand, I can only apologise, a stupid decision on my own part.

That is not the full story.
Again, why have ALL the funds been moved on May, 5th?
Not just 0.65 BTC. But 5.0 BTC: https://blockchain.info/address/1LmBHVsqC4iEfDHfdKkCXuBMCZm18UuciQ

Phase 2 is still on the cards, however if there's no more movement soon it may change in price a little (in which case anybody who bought from phase 2 will be topped up), move to being managed IPO style by poloniex with the current prices, or we may abandon it all together, destroy the coins, and refund the purchases in the pot. Seeking guidance on this matter over the next few days and will be discussing with NWO and all of you hopefully.

IMHO setting the price lower is generally a sign of weakness and degrading the worth of the coin.
To support the price it would be better if the mining diff and block reward would be balanced so that the cost of mining 1 Wolf would be equivalent to the highest BTC price step of phase 2 IPO.

Regarding the phase 2 in general, I'm honestly not feeling any traction at the moment.
Especially since dev is still busy developing instead of marketing the coin.
Also quite fed up with chasing the wherabouts of the fund. I wish I could stop making negative posts already,
but I can't as long the phase 2 funds are out of sight or unaccounted for.
Therefore my vote is for refund and proper relaunch of the IPO together with the rebranding.

Btw, I just got the wallet from github and compiled  on Ubuntu and it's not synching yet (using nodes from http://5.9.111.71/connections). edit: syncing fine now.

[linna]

How to deal with the rest of the COINS also didn't say clear

[provenceday]

thanks for the update!

[provenceday]

when mining start?

[xyzzts1]

When there are other sites can trade?

[InsanityDev]

BIGGER UPDATE: Project WOLF Announced, Web Mining, New QT, Mining Begun, TX-fee removed

• Project WOLF: http://insanitycoin.com/ - details on the next phase of WOLF, and a working web mining prototype
• New Windows-QT - thanks again Pompobit

notes: mining has already started yesterday, poloniex is still to update their client but will shortly I'm sure, other nodes all updated.

Comments and feedback welcome, next up rebranding for Project WOLF.

[DolanDuck]

Wow nice update! 

[wolfspilz]

Is there a webmining demo which i can try on my myBB forum?

[mikem]

What exchanges is wolf sold on?

[mikem]

Besides poloniex?

[InsanityDev]

Besides poloniex?

None yet, purely because we had a 10% fee on transactions to keep it locked at Poloniex whilst going through phase 1. The transaction fee was removed yesterday so we can look at getting it on multiple exchanges now.

[edok]

Besides poloniex?

Just poloniex.

[NWO]

Hey everyone,

Please spread the love about our WOLF logo competition https://bitcointalk.org/index.php?topic=611024.new#new

Also, I think we need to get listed on coinmarketcap.com so make sure you let Gliss know about WOLF.

This project is a team effort