Post
Topic
Board Altcoin Discussion
Re: Looks like WAVES is not really a decentralised platform (SCAM)
by
South Park
on 13/06/2017, 19:01:25 UTC
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.