If you have a legitimate license, here’s what proper installation looks like:
Legitimate Waves 11 versions will show version numbers like 11.0.46 in the plugin header, and Waves Central will manage updates seamlessly.
Waves is a company of hundreds of developers, testers, and support staff. Piracy hurts the industry and leads to subscription-only models (which many users hate). Ironically, the very thing pirates want to avoid – subscription licensing – becomes more likely when perpetual sales drop.
You don’t need to risk a VR patch. There are legal, affordable ways to get high-quality Waves plugins.
When a cracked plugin behaves oddly (and it will), you have no recourse. No support tickets, no forums (without admitting piracy), no updates.