Waves vs etheruem, I don't really see much debate about this two coins the two coins are top coins in crypto currency they are multi functional coins but both coin use different platforms, from my own point of view I think etheruem is preferable to waves, because most project uses the platform of etheruem to operate. I can only see waves as an alternative to etheruem, not a rival.
The point is that the majority of functions Waves has on offer are already available on Ethereum. The only thing waves can boast is a decentralized exchanged, but its turnover is not that high.