As questions have been raised about the security of the knot, as well as the power advantage in tensioning, I think there is no reason for fear that it should fail. I have used it extensively since first knowing it, and it has not failed at any time. For security, at first I also tied with another string and a trucker’s hitch, to make sure that my load would not get away, and occasionally I still do. I also have a habit of making a half hitch with each end around the legs of the knot, but it’s more to spend the material and to make sure that any snagging of an end would not open the knot.
I also found a simple and convenient way to tie it under load, by simply half-hitching the first end around the centre of the middle bight, then following it in the opposite direction with the other end, whereupon I spill the so formed doubled half hitch into the TurrNip in the centre bight of the knot. Moslty when I tie down a load on the bicycle rack, I use the knot in the form of two splayed loops, and I regard it as still the same knot when tied in that way. http://igkt.net/sm/index.php?topic=2262.0
And indeed the John Bauer aquarel shows the wolf tied up with bindings. I think Gleipnir is a good name for this knot.