However, it is likely that any distribution will be made in USD.
I guess now I don't feel that bad that MtGox is delaying the process.
As it is likely that this will result in more losses for us, what can we do ? I'm anything but a lawyer, but I don't see on what basis they prefer USD to BTC, this being a liquidation in NZ (except convenience I guess).
Thoughts ?
but I really hope that the above doesn't mean they're considering paying us in USD at the time of the freeze.
No, I don't see them selling BTC at spot price, giving us the equivalent at 5$, and keeping the change. However, any conversion will cost us (well, except if BTC goes down between their sale and the time we can buy some back, but I guess we agree it's not the most likely possibility)