Here is my own attempt.
It does not fit any melody I know, but perhaps someone will add that to our song as well as additional verses...


Without my Mudcat I am sure I would be dead,
I can stay there in the morning and very late,
There is music, there is fun, there is chat,
And for the lyrics there is the DigiTrad
And all the people loving tradition
Who are here for their addiction
Who can't live without a good talk
Over the internet to speak folk


An attempt to translate Wolfgangs verse:

I don't know what it should mean
I am quietly humming just for me
The bookmark for my Mudcat, my shortcut
Will not get out of my mind
I know I should sleep now
I should be in bed for a long time
But before, I want to read
One more and one more thread.