Bitcoin Forum

As those who have lost money in the gox fiasco know, the creditors hearing is on July 23. Being in Manila right now I consider taking the trip and showing up in person at the court for that meeting.

The questions is however whether it is worth my time + expenses. Tokyo is a very expensive city and as such I would only stay there for 2 days for the hearing and then fly right back to Manila where I live right now.

The total costs, including flight and hotel, are by my estimation around 900 Eur, which is ~4% of the money I lost in gox. That being said, I've never been to japan and know basically nothing about that country.

If you were me, would you take that flight?


?

I'm asking myself the same thing, I lost around 160 BTC in gox fiasco (which were the huge majority of my wealth). But still, I'm not sure if being physically present will change anything. Does someone have more detailed information about what will be discussed in this creditors meeting?

Also, an important point: will Karpeles attend to the meeting?

We have all already lost enough due to this fiasco.    Why take even greater losses.   I think the only benefit to showing up is having a front row seat to the clown-fest.    I'd be surprised if they will even have anything in English.    People who are going will probably report on everything that transpires.   So unless you have some very specific queries, that you don't think others will raise, then why bother spending any more money on this shit storm.

I agree it's unlikely to learn anything new by attending. But it seems the only opportunity to face directly people in charge, and maybe also people accountable for this mess.
Do we have to register somewhere to attend, or can we go directly to the meeting?

The address seems to be:
1-1-4 Kasumigaseki
Chiyoda, Tokyo 100-8920

Yes, Mark Karpeles will be there

Courts do generally react positively to interested parties who bother to show up, and tend to discount those who stay away. The more noise you can make, the better it is likely to go.

Last year, there was many man flying to Tokyo from the world, but no avail.

Usually, I might agree.  But all thats going to happen is liquidation at this point.   So why throw good money after bad.  Our money is gone.   

Actually, we don't even know that. Without an even plausible explanation for funds disappearance, we cannot be sure our money is gone, though it's very likely. I read that:

• The debtor must be present at the meeting of creditors, with very few exceptions: severe health issues, death, being incarcerated... None of them seem to apply for Mark Karpeles, therefore he must be present.
• Creditors can take advantage of the meeting of creditors to question the debtor, who must answer under oath
• Depending on the issues of the hearing, the trustee can approve / dismiss the bankruptcy or request a confirmation hearing.

So being here to be sure the relevant concerns will be raised, especially inconsistencies and outright lies in Mark Karpeles explanations, seems a good idea to me.

Don't think there is anything you can do at this point. Might as well just wait for the judgement.

There must be something..... Maybe JADA can help. They are a semi-official group that is trying to improve bitcoin's image in Japan. What better way to do it than to help out Mt. Gox depositors? See:
http://www.coindesk.com/government-backed-bitcoin-industry-association-launch-japan/ (http://www.coindesk.com/government-backed-bitcoin-industry-association-launch-japan/)

Unless you really want to go explore Japan I wouldn't bother. Save the money or buy yourself something nice with it.

I understood all communications will be conducted in Japanese. Does someone know affordable interpreters in Tokyo?

http://www.tradecommissioner.gc.ca/eng/document.jsp?did=121415 (http://www.tradecommissioner.gc.ca/eng/document.jsp?did=121415)
http://japan.usembassy.gov/e/acs/tacs-7110.html
 (http://japan.usembassy.gov/e/acs/tacs-7110.html)
Usually not that expensive.

if the hearings will be in english, u should go, if its in japanese , dunno what u can do abt it

So anyone hitting Tokyo on Wed?