Biggest problem the project has is that it is trying

to be a defi protocol but team has the ability to change the rules through pushing through governance changes. How can anybody trust putting money in again if there is a history of the rules being changed after the tx has been entered ? Addressing this is , I think , the most important thing. Until that is no longer a possibility I fear big dollars will not flow into the project. Edit - goes without saying I think that was a mistake by the team

I have a feeling that different fears are simply mixed up in this message. The system is decentralized. Despite all the statements, decisions are not taken unilaterally.

Doesn’t team collectively have sufficient voting power to push through any change ?

What does that mean? One person, two, three? Are you saying that everyone is controlled by someone? It's literally impossible. The decision is made by different people, that's what I think is important.

Well every bank is managed by different peaple but controlled by central bank

In the bank, people are controlled, in the bank, people work and get paid, they are bound by a contract and other things. In the blockchain, this is not the case :)

In blockchain people that can controll the blockchain controll the bockchain, that's also named 51% attack, this mean there is no defi if a project can be manipulated

I have not followed the thread of the conversation, but I hope you are not comparing a Blockchain with a bank xd

I'm talking about the fact that the blockchain is controlled by different people who are free to make their own decisions, that is, it is decentralized. You may not agree with me, but this is my point.

Depends on the type of consensus That happens with the PoW Waves does not work with proof of work

Basicly they are the same, less employee but same function if the project is not complitly decentralized And to answer Andrey, people are free to manipulate the project together if they like.

It's a double-edged sword. With such an example, people are free to do anything at all, it's almost conspiracy.

Do you think that Waves is a centralized Blockchain? I do not see the LPoS consensus centralized

All the project are centralized, the dev make the project no mater what kind of proof there is, that is just made to reduce the centralization between whales and crypto user, btc is decentralized because no one is touching the code with forks or things like that Edit: So in order to trust a project we Need transparency Tell me where i'm wrong with this if i am

👍👍

Regardless, I wouldn't say, the other way around. For me, the image of the project in general is being demonized. The simple fact that its programming language is unique, that it provides security, that there is innovation and that various projects are backed by the professional work of the official developers themselves or people professionally validated by the protocol itself, gives it a precisely positive visibility. On the other hand, in other Blockchain's, thousands of scammers are given way without any validation, or they are even made visible by CEX's like Binance for simple advertising, and not for the functionality of the project itself. (No real purpose, there are only promises) As for voting, if it were said that they go against their investors, it would make sense. But, what is the point of showing disagreement to more intelligent and precise validations? On the other hand, consensus gives way to validating a whole group of people globally. Let's say, if Waves becomes a consensus accepted by the society, the society would have more voting power as a whole. The more adoption there is, the less voting power X node has. But it is that a node can even lose validation power if it stops lending Waves to X specific node. In other words, people can also say which node can have more power for general convenience, and not personal. I don't know, maybe I'm wrong, but this is my opinion.

Well it's all about who have the power to change the rule, you can not say people have this power over wave or other crypto except btc were no one have power on it, until btc get a 51% attack of course, fine more peaple mean less power by the node, but then the node can be modified by the team by fork so who have the real power here? And i don't get the unique programming languages that provide security because they have not invented a special one they use Java, c, SQL or whatever not a new one, and a code Is not safe specialy after all the news about crypto hacking, Just think about WEP protocol in wifi, try to use that today and your wifi Will get hacked with bruteforce in 10 minute this Is why we had WPA and now WPA2, time pass and the vulnerability on the code will be found or by the team or by bounty or by hackers nothing is hackerproof

Yeah, but if what you think is that BTC is the safest, just go to BTC... Stay there. There is no need to instill fear. As you have said, all languages are vulnerable to a new exploit, especially those that risk innovation. It's nothing personal, but I don't think you're giving an opinion like this on every single protocol you're in right now. And yes, the Waves language is RIDE if I'm not mistaken, and it is different, as far as I know. They have not had any hack to date, and it is precisely because the hacker has to learn a language from scratch. Why do you want to hack Waves, if you can more easily hack projects with Solidity? Regarding age, Solana is very new and had a DDoS attack... For me Cardano, Ergo and Waves may have their flaws, but they have not had any bugs in their code to date, and they are my favorites. ETH is slow, has old language, expensive gas, and had a time when its code completely changed when all transactions were reversed with the power of 1 person, but people like ETH! We can say that Bitcoin is the best, etc, but it is not necessary to take away the prestige of the work of developers who have dedicated a lot of effort to be here today, as if they had not done anything, or as if their work had no value. At the same time, disproving the potential of a consensus without even giving it a chance to develop, I see it as a mistake... I also want you to take this as a respectful conversation. I don't know if something is misunderstood when translating from Spanish to English, I hope not, if so I apologize in advance ^^

Oops, my head is in Saturn hahaha Sorry !😂

The easiest way to remember: "RIDE the Waves".

Don't worry, i'm italian so same for me, anyway i'm a trader not an investor and i don't care about all the crypto project all i do is researching, looking at the sentiment, and analysing charts, i'm not an investor because i know about all the things you said instill fear in people, and i don't trust btc as i don't trust any other project, specialy manipulation after manipulation, and yes i give the same opinion about all the protocol, i'm here because i take sentiment and information on the project i trade, sorry if this scary you, but that is the reality, no one expected Putin to attack the ukraine, no one expected btc to reach 10$ next 100$ and so one, no one expected the 2017 crash, we can't predict the future, but what we can predict Is the near future Sorry if i'm rude i'm not trying to say waves is not a good project just saying that for me as a trader and not an investor i'm not interessed on it

/report

Reported F_Tech to admins.​​​​​​​​​​​​​​​​​​​​​​

I understand, so I imagine you just want returns. Don't worry, I'm not scared by what you said, it's just that my position is in favor of technology, not returns. Obviously the future is unknown, but it is undeniable that the Blockchain is bringing solutions to the chaos we are currently experiencing, regardless of the money that is earned or lost ^^ That's what interests me

Hold has always been more profitable than day trading. As for me, it is more promising to invest my resources in the fundamental research of the project and engage in a less stressful "craft"

What are you holding other than waves.?

$EGG & Ducks👀

I'm not good on investing this Is why i day trade, not saying that i don't invest but i made more in this way about 100% profit last year, plus this give me less stress if the price go down from day to night about 30% i still have all my money, and i like to trade that's the most important thing, holding is nice for long term but now with this war i don't like to risk because i don't know what is in Putin mind P.s. i don't understend why i get reported lol

/report

Please let's not discuss politics in this group. Thanks for understanding!

Puzzle and WX

Martket cap now ???