2:43AM
I wish I could toss the Waves licenses over to it, but at least Waves lets you use a spare USB thumb drive.
With Waves you are covered:
https://www.waves.com/support/reactivate-recover-licensesSo, if your ($1-2) USB stick is broken, you can recover IN ONE CLICK! Without post, without fees.
Several years ago, I got burned hard AF after my HDD crashed one evening, and I was forced to reinstall Windows. At the time, I had my license for Waldorf Largo on the PC (no dongle). $125 down the toilet! Waldorf was at least sympathetic and allowed me to purchase a new license at a 90% discount rate. Since then, I have Largo on an eLicenser dongle. Between the iLok, USB (Waves), and eLicenser, I feel secure.
When one of your clients call you next day and ask for the project name you have made for him (yes, just several characters! That is what the license key is), ask him to pay 10% of the whole work. I am sure he will like to pay you just 10% for this one word, since you could ask the whole price again
Windows 10 sucks so freakin' bad, and PC's in nature always need a re-installation of Windows at some point or another, that having guarded licenses worth $$$ (with no true "cloud backup" available) on an external device is the preferred solution for me.
Windows 10 has nothing to do with that. You also need to re-install OS X and Linux periodically. Most of the time the process is "automatic update", but sometimes not. BTW I have installed Windows 8 several years ago and since then I have just updated (Windows 10 1809 now). You can clone Windows to another drive without problem, except for iLok (and other such technologies).
Open the Waves link in one tab and this one:
https://ilok.com/#!zdt-details in another. Then compare.
1) buy the second spare iLok dongle. When the first one is broken/stolen/etc. and you do not have spare, you will be unable to use products till RMA is complete and that can take 2 weeks...
2) replace both dongles once per 2 years (they have limited warrantee)
3) pay $30 per year for that "coverage". Or you can pay $100 just once when the problem happened. They are so friendly to give you options...
What is described in both links is EFFECTIVELY THE SAME for the company. In one case you just click once. In another you buy dongles, pay fees, wait weeks.... Do you still want Waves on your iLok?