Looks like WAVES is not really a decentralised platform (SCAM) - page 2.

ppc.pt

member

Activity: 84

Merit: 10

Quote from: dfd1 on June 13, 2017, 12:33:32 PM

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

btbrae

hero member

Activity: 680

Merit: 500

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.

iHaveNoClue

member

Activity: 85

Merit: 10

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.

BigMoneyUSA

newbie

Activity: 3

Merit: 0

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

bathrobehero

legendary

Activity: 2002

Merit: 1051

ICO? Not even once.

Quote from: Emperor of Man on June 13, 2017, 03:41:06 PM

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.

Emperor of Man

hero member

Activity: 886

Merit: 510

It claims to be decentralized, not the wild west.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: dfd1 on June 13, 2017, 12:33:32 PM

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.

wnfmzm74

sr. member

Activity: 262

Merit: 250

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!

bathrobehero

legendary

Activity: 2002

Merit: 1051

ICO? Not even once.

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?

dfd1

full member

Activity: 126

Merit: 100

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.

Topic: Looks like WAVES is not really a decentralised platform (SCAM) - page 2. (Read 2162 times)