...only if they were able to sync a wallet...
Why didn't you contact bitwho? He has a control on Mintpal KARM coins.

If it's an option only, why you contacted Cryptopia to stop old KARM trading?

You could decrease your swap rate slowly, that would motivate people, and how about people who don't read the ANN regularly?
Have you sent them PMs about this swap?
Why do you want to leave all these people with abandoned coin and no chance to move to new coin after January, 2017?
Don't you realize it will destroy your reputation?

My story:
I'm holding KARMA since 2014, was buying it on Mintpal and Cryptsy.
I couldn't sync a wallet in 2015 that's why I asked bitwho to return coins from Mintpal directly to my account on exchange,
thanks to him.
Now all my coins are stuck on Yobit (their KARMA wallet is in maintenance for months) and their KARMA market has zero activity, it's impossible to sell coins or to transfer them.

The KARMA swap was announced in the OP: you were able to swap old coins 1:1 at the beginning of November, 0.6:1 currently, only 0.08(!):1 after January,18.
That means that when Yobit finally enables KARMA withdrawals (obviously not in 2016), people who have KARMA on Yobit in better case will receive only 8 percent of their coins... Either people who don't check the announcements regularly.

The Cryptopia exchange stopped old KARMA trading, it will be replaced with KTN.
So there is no even single chance for old investors who have coins stuck on Yobit (and the old coin is going to be delisted and replaced with the new one):

they will not be able to join all things you announce and they will lose all their coins (not literally, but they will have them inactive and stuck on old abandoned chain with no listing on exchanges, which is pretty the same) after holding them for years.

Certainly you cannot solve the Yobit issues, but it's not the point, the point is why not to leave the swap rate 1:1 for old KARMA investors who have no chance to join the swap since its beginning due to exchange issues. That would be fair.

Another thing that is not fair: many old investors are long term investors and many of them don't read your announcements regularly, but they faithfully hold coins for years, they were buying KARMA because they believed in the KARMA future, because they trusted people behind it; give them a chance to swap their coins in 2017 for normal rate, maybe not 1:1, but 0.8:1 or so, that would be really fair.

1) Ok, I'd like to take the greater risk at the 0.9 rate now, but in fact it's not possible - so not completely true and not fair.
2) 0.2 BTC - you have produced many additional tokens for team, for solving issues, for doing good, you are selling them now  - so why not to raise these funds from these tokens?

I don't know, does Yobit really promise to solve the issue with wallet for 0.2 btc, but even if the community raises these funds, Yobit can put a wallet out of maintenance when the swap rate will be 10 times lower - not fair.

Even if you don't want to spend additionally produced tokens to solve the issue with Yobit, you can at least freeze the swap rate decrease, it really depends on you, the rate is being decreased too fast.

I hold KARM (KARMA) since 2014,
at the moment all my coins are stuck on Yobit,

I'd like to swap them (in fact there is no choice if the block chain is going to be stopped after the swap),
but I cannot - as you know, the Yobit wallet is in maintenance.

The rate of swap is being reduced fast, now it's 0.9,
a week later will be 0.8, in December - 0.5 - 0.2, in January 2017 - 0.08.

The Yobit wallet is in maintenance for months and obviously chances are low it will be alive in next weeks or even months,
anyway I would be able to swap my coins at the rate which is a lot lower than 1 or 0.9 at the moment.

Obviously no one will buy KARMA on Yobit if the rate of swap is decreased fast and the old blockchain is going to be stopped, on Cryptopia they already have stopped trading due to the swap.

That will mean many investors (including me) will lose coins, or in the best case would only get 8 percent of their worth (at 0.08 after January 2017).

Doing good is good...

so why not to freeze a rate of swap and wait for the Yobit exchange will put a wallet out of maintenance.
You can motivate them to do some work with KARM wallet by offering them a bunch of tokens you have produced.

Doing good and karma are relevant to this situation, aren't they?

796.com guys have expropriated ~550 LTC from my balance and many coins from balances of other users in a single night one time on July 11.
That is the point. Is it fair? What if it were 5,000 LTC, 50,000 LTC, where is the limit not "to cry over" it and not to warn people here about this practice?

What happened with Kelsey, could you pls tell more?


No, I had been using 796.com exchange for more than 1 year, but I wasn't warned about this risk, I had no idea.
Maybe it was in general terms (who reads them, and even if you read it do you read it regularly as these terms can be changed without notification), how many of you read regularly general terms of BTC-e, Bitstamp, or cryptsy?
Even if it was in general terms on July 11, 73.97% is too much, don't you think?

I use 1:5 leverage on 796.com it is normal for futures. Yes, it happened that I lost money, even > 550 LTC due to margin call but it is not the point. There are risks, but if you finally and fairly get profit you expect nobody can just expropriate 73.97% of it. 

"Socialized" profits is one question.

Another one is possible manipulations with orders and price limits.

I see there were accusations from other Bitcointalk members that 796.com exchange is manipulating orders and settlement prices.
I'm now 90% sure it is true, I saw stuck orders with frozen price due to inappropriate price limits (very strange algo) and how these orders were executed (796 guys were beneficiaries, I guess, because they have changed limits manually without notification and INSTANTLY orders with unfair price were executed). But even if they were not beneficiaries, why they simply didn't cancel these orders before changing price limits? Or haven't warned people before changing limits? It would allow to avoid losses of users and it would be no need to "socialize" profits. So, I suppose they are probably (90%) scammers OR (10%) don't want to care about users and just prefer to "socialize" their profits instead. Unfortunately I suppose no even 1% probability they are good exchange after what has happened. 
The third question is how can we be sure that they really need 73.97% of all their users profits to compensate losses? What if there are fake accounts managed by 796 guys?

No regrets, no excuses, no answer from 796.com guys, no promises to change their price limits and risk management system to avoid "socializing" 73.97% of profits in future. There is an evident algo how to prevent it, but they don't want to implement it!

Should the exchanges be fair and take responsibility, or just be transparent with general terms etc.?

Well I know who "expropriated" my 550 LTC.
796.com guys, they are incorporated and have address and phone number.
But can it really help me? Anybody from Hong Kong?
The story is here: https://bitcointalk.org/index.php?topic=1132191.0

Mark Karpeles is known, but where is Mt.Gox?
Better unknown Satoshi and decentralized system really.

To make this post less offtopic: there are hackers, bad competitors, agents, mentally insane trolls, are you sure it is a good idea to disclosure developers' private info? If it may hurt them, it may hurt their currency and their customers.

Exchanges must be transparent! But not transparent only, fair also.
Currencies are transparent if they are open-source and not centralized.
If somebody invests so large amount of dollars like you said I think he will find a way to know who is dev, there are official threads, ANNs, PMs etc.
BTW AppleByte sounds better

I will add some information to discuss a question.

796.com (Hong Kong based exchange, BTC and LTC futures).
When LTC price was very volatile, there were stuck orders due to inappropriate price limits of system.
10 July - 11 July night before settlement.
796 guys didn't cancel "stuck" large orders (several thousand LTC bids $4.5-5.5 when LTC price was $3.7-4).
As soon as they have changed price limits (without any notification) after several hours of waiting these bid orders were instantly (less than in 1 second) executed completely.
Only 796 admins could know exactly when to sell to these stuck orders. Why didn't they cancel them BEFORE changing limits?
People have lost a lot of money due to that, to say nothing of "socialized" or expropriated 73.97% of week profit of all their customers.
https://796.com/ltcFutures/settle?lang=en here you can see that 796 guys have "socialized" or maybe "expropriated" 73.97% of profit of their users on July 11 and ~45.1% on July 4.

I've shorted LTC futures when price was ~$6 to hedge my LTC holdings on another exchange. My net profit was ~550 LTC.
I have seen this profit on my account balance but it has disappeared soon.
when I've contacted support, they told me they have "socialized" 73.97% of profit of their users because LTC price moved violent last week.

Should the platforms take the responsibility?

What do you think?

Warning: don't deal with 796.com!

2 weeks ago I've bought LTC at ~$5.00, have sold and opened short position at ~$6.00, and closed short position at ~$4.5 (on July 11)
my net profit was ~550 LTC.

I have seen this profit on my account balance but it has disappeared soon.
when I've contacted support, they told me they have "socialized" 73.97% of profit of their users because LTC price moved violent last week.

https://796.com/ltcFutures/settle?lang=en here you can see that 796 guys have "socialized" or maybe "expropriated" 73.97% of profit of
their users on July 11 and ~45.1% on July 4.

Is it legal? Have you ever experienced something like that with btc-e or other exchange margin trading?
Is there any scam list to add this service ?

You are right probably that they do manipulate with orders and price limits.
When LTC price was very volatile, there were stuck orders due to inappropriate price limits of system.
10 July - 11 July night before settlement.
796 guys didn't cancel "stuck" large orders (several thousand LTC bids $4.5-5.5 when LTC price was $3.7-4).
As soon as they have changed price limits (without any notification) after several hours of waiting these bid orders were instantly (less than in 1 second) executed completely.
Only 796 admins could know exactly when to sell to these stuck orders. Why didn't they cancel them BEFORE changing limits?
People have lost a lot of money due to that, to say nothing of "socialized" or expropriated 73.97% of week profit of all their customers.
https://796.com/ltcFutures/settle?lang=en

If there is any scam accusations topic here, please post a link.

796.com is a Hong Kong based exchange where you can trade BTC and LTC futures.

My own experience:
I have been using this service for more than 1 year.

2 weeks ago I've bought LTC at ~$5.00, have sold and opened short position at ~$6.00, and closed short position at ~$4.5 (on July 11)
my net profit was ~550 LTC (I've shorted LTC futures to hedge my LTC holdings on another exchange, to compensate my losses due to LTC price decline).

I have seen this profit on my account balance but it has disappeared soon.
when I've contacted support, they told me they have "socialized" 73.97% of profit of their users because LTC price moved violent last week.

https://796.com/ltcFutures/settle?lang=en here you can see that 796 guys have "socialized" or maybe "expropriated" 73.97% of profit of their users on July 11 and ~45.1% on July 4.

Is it legal? Have you ever experienced something like that with btc-e or other exchange margin trading?

Is there any scam list to add this service?

Hello.

I've installed BTC wallet and it has been synchronizing for more than a week.
Is it normal? Will it finish synchronizing till Christmas?

Currently there are blocks of summer 2014 and they are very slow.