I just wanted to voice my experience with the licensing of Waves products. Maybe more people will agree and things will change (I know unlikely).
I am just a hobbyist who has many VST’s. I currently use two PC’s and a Surface Pro, depending on how I feel and where I am. I have a very busy life and really don’t need anything getting in the way of the creative moments that pop up. Waves licensing is something that does get in the way - to the point that I very rarely use the products I bought. I am on V13, currently, and barely used them so unlikely to upgrade again. Even when I am on a PC that is activated, I just stopped using Waves products because I knew I would likely continue on a different device.
It’s not hard to understand the no DAW mentality because there can be so many faffing things to do to get set up on PC when creativity strikes. Dealing with licenses is one of those forever-unwanted extra things nobody wants to faff with. I can’t even remember the other brands I stopped using due to licensing faff. There are so many alternatives now, I just move on. There are several big-name VST brands I have no issue with using over different computers.
Everybody has their own set-ups and ways of working, so no doubt it’s no effort for some to carry a USB stick, activate and deactivate etc. For me it has been enough to avoid using such products.