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.