Looks like WAVES is not really a decentralised platform (SCAM)

[dfd1]

Waves admin just banned NGR asset (niggercoin) from their "decentralised" exchange because it hurt someone's feelings. Not like I think it was great idea to promote such an asset on waves, yet it's not how this "decentralised" exchange supposed to work.
https://www.reddit.com/r/Wavesplatform/comments/6h15e5/waves_not_decentralised/
http://boards.4chan.org/biz/thread/2428429/wave-platform-cuts-ties-to-nigger-coins

Since waves claim they made "decentralised permissionless exchange" I think we can call it scam for now. Some people who "misbehave" will loose their money now.
It seems WAVES admins have full control over their exchange and can censor everything they want.

[1715654418]

1715654418

[1715654418]

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[bathrobehero]

How was this admin power they have not found in the source code?

Or is it closed source?

And why did people get into it if it is?

What keeps them from cooking the books?

[wnfmzm74]

decentralised platform? I don't believed the those guys will do this
you can see that a lots of scam ICO was release from the weaves
I think it's just a place which focus scam!
 

[South Park]

Waves admin just banned NGR asset (niggercoin) from their "decentralised" exchange because it hurt someone's feelings. Not like I think it was great idea to promote such an asset on waves, yet it's not how this "decentralised" exchange supposed to work.
https://www.reddit.com/r/Wavesplatform/comments/6h15e5/waves_not_decentralised/
http://boards.4chan.org/biz/thread/2428429/wave-platform-cuts-ties-to-nigger-coins

Since waves claim they made "decentralised permissionless exchange" I think we can call it scam for now. Some people who "misbehave" will loose their money now.
It seems WAVES admins have full control over their exchange and can censor everything they want.

I don’t see how this makes waves not a decentralized exchange, a decentralized exchange is an exchange that does not rely on a third party an allows you to trade peer to peer between users, they can decide what coins to accept on their exchange, also I do not think many people will want to hold a coin like that, and I also fail to see how this is a scam at all.

[Emperor of Man]

It claims to be decentralized, not the wild west.

[bathrobehero]

It claims to be decentralized, not the wild west.

Control is centralized, e.g. not a trustless network. Similar as to a coin having a massive premine.

Therefore utterly useless imo.

[BigMoneyUSA]

Sounds like it's decentralized as long as the Waves admins agree with your ideologies.

[iHaveNoClue]

lol nice FUD.

Niggercoin is still in the waves blockchain but it wont show up on the exchange. If you want to trade that coin, you can still do it OTC. The blockchain is still trustless. They are coming up with a spam filter for airdrops since it only takes 1 waves to create a token.

Decentralized exchange does not mean its not moderated. Waves DEX is a combination of centralized gateways for clearance and blockchain for order matching. This way you get best of both worlds.

[btbrae]

I agree you can't have you cake and eat it too. Moderation is not part of a decentralized network.

If you censor one name then you open a can of worms. Any name is then liable to censorship at any moment after any period of time.

I could create a coin called HilaryCoin and use it to gain support against Donald Trump in the next election and one of your "moderators" might be a Trump fan and censor it, long after it is established.

It is fair to remove it from the website but not from the client. If they have done this then it's over. Count me out.

[ppc.pt]

Waves admin just banned NGR asset (niggercoin) from their "decentralised" exchange because it hurt someone's feelings. Not like I think it was great idea to promote such an asset on waves, yet it's not how this "decentralised" exchange supposed to work.
https://www.reddit.com/r/Wavesplatform/comments/6h15e5/waves_not_decentralised/
http://boards.4chan.org/biz/thread/2428429/wave-platform-cuts-ties-to-nigger-coins

Since waves claim they made "decentralised permissionless exchange" I think we can call it scam for now. Some people who "misbehave" will loose their money now.
It seems WAVES admins have full control over their exchange and can censor everything they want.

I highlighted the parts you seem very sure of what you're saying

[iHaveNoClue]

lol nice FUD.

Niggercoin is still in the waves blockchain but it wont show up on the exchange. If you want to trade that coin, you can still do it OTC. The blockchain is still trustless. They are coming up with a spam filter for airdrops since it only takes 1 waves to create a token.

Decentralized exchange does not mean its not moderated. Waves DEX is a combination of centralized gateways for clearance and blockchain for order matching. This way you get best of both worlds.

So who controls if a token can be listed or has to be done off the chain? Doesn't sound like a decentralized system to me.

They never pretended to be a completely decentralized system. The whole point of waves was to use the best of both worlds. Id suggest you go read their white paper. This has been clear since day 1. However, the waves blockchain is completely decentralized. Just that the Waves DEX is not. Get the difference? There is formal verification to verify tokens of legit projects and there will be a spam filter to weed out all the nonsense coins. Id suggest you go read the whitepaper.

[vasrasus]

This is totally nonsense thread to destroy the reputation of waves. I smell someone wants to grab a cheap waves.
Why are you complaining on censorship of the waves exchange? It is normal for them to not accept some because that is an exchange just like bittrex or polo were not all coin are being listed.

[ppc.pt]

This is totally nonsense thread to destroy the reputation of waves. I smell someone wants to grab a cheap waves.
Why are you complaining on censorship of the waves exchange? It is normal for them to not accept some because that is an exchange just like bittrex or polo were not all coin are being listed.

That's what I first thought. And after reading it, just confirmed.

But I think he's out of luck, and if he gets really lucky he even might get a negative feedback for this

[mkjohnson]

Since the tokens still exist on the Waves blockchain, what's to stop somebody from building their own Waves DEX? It would obviously be separate from the official wallet but isn't the official wallet just a "client" for the DEX? Surely someone can code a DEX on Waves that has no filters.

[Unknown Enforcement]

I think you didnt read the whitepaper mate, it said the blockchain is decentralized but not 100%. They are also centralized, dont worry about your coin it wont disappear mate.

[NorrisK]

Trading on the platform is decentralized. You don't have to send your coins to a third party before you can trade.

I couldn't care less if the trading pairs that are shown are moderated. I also don't see a need for niggercoin in my trading options..

They should allow for adding trading pairs yourself or something so that people that want to trade it can still do it.

[qwerzu]

WAVES is a Russian project. No thank you :-)

[dfd1]

I think you didnt read the whitepaper

I think you didn't.
Please, show me where it says WAVES is a centralised platform
https://blog.wavesplatform.com/waves-whitepaper-164dd6ca6a23
I don't have waves coins / assets and I don't think bringing back NGR asset to exchange would change something. Devs promote WAVES as a decentralised exchange, DEX. It's clearly not a DEX. So, it's clearly a scam.

[NorrisK]

WAVES is a Russian project. No thank you :-)

What does that have to do with it? Russians have developed some serious stuff over the decades..

[qwerzu]

What does that have to do with it? Russians have developed some serious stuff over the decades..

I just do not trust Russians and i do not invest in Projects "Made in Russia". I'm myself also a Russian, and i know very well Russian mentality. This is just my opinion.