Let me translate for sydney: grease on a fastener with a threadlocking compound negates any benefit from the threadlocking compound.
Yes, that's what the blue stuff is (and here you thought it was an alternative to Sweet & Low; don't listen to Cher, she doesn't ride).
I've never seen any white stuff; are you perhaps from Miami?
As to how horrible grease on the rotor bolts is, who knows? but one thing I don't f*** around with is brakes; I'd pull them and reinstall using only threadlocker.
Beeswax..?
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Today, I believe my jurisdiction ends here...