Hi Dargo,
most of MtGox assets are the 202k BTC they still own. Do you know which quote will be used to define their value? I assume the one valid at point of distribution not the original one at point of bankruptcy?
Thanks!
I don't know exactly how the trustee is going to do it, so the following is just my theory. Everything is being converted to JPY for the purpose of processing claims and determining the remaining value of the MtGox estate. There are potentially 3 different BTC conversion rates that may come into play: 1) The rate used to determine the value in JPY of claimed BTC; 2) The rate used to determine the value in JPY of remaining BTC; 3) The rate used to determine how much BTC a creditor should receive if they request payment in that currency.
The rate for 1) has already been determined at $483 USD/50,058.12 JPY. See the answer to Q33 of this document:
https://www.mtgox.com/img/pdf/201504_faq_en.pdfSo far as I know the trustee hasn't said anything about 2) or 3) yet. My guess is that those rates will be determined close to the time that claim distributions are made. I also expect they might use the same rate for both 2) and 3). If they determine price the same way they did for 1), then they will choose some date and time and take the price from the CoinDesk Bitcoin Price Index on that date and time.
Again, all this is just my speculation and should not be taken as any kind of official statement on how things will work.