this post was submitted on 14 Jun 2024
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"Dozens of tons of cocaine have been taken out of circulation," German authorities said. The drugs were first uncovered in Hamburg last year.

Investigators in Germany have discovered a record amount of cocaine worth several billion euros, authorities reported on Friday.

"Dozens of tons of cocaine worth several billion euros have been taken out of circulation," the Baden-Württemberg State Office of Criminal Investigation and the Customs Investigation Office in Stuttgart, as well as the Düsseldorf public prosecutor's office announced.

The huge quantity of drugs was first discovered in the port of Hamburg last year, and, according to the German news agency DPA, originated in South America.

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[–] reksas@sopuli.xyz -5 points 4 months ago (2 children)

How can something that's only value comes from exploiting biological process(addiction) have any real "value"? Ones who make this stuff dont have to pay for shit when they make this and it doesnt bring anything positive to the world. Rather, it has negative value and by destroying it you are creating some value.

[–] flubba86@lemmy.world 5 points 4 months ago (1 children)

That's why generally they'll use the term "street value" for these kinds of descriptions. That means it's worth that amount because that's what people are willing to pay for it.

[–] jet@hackertalks.com 3 points 4 months ago

Same same 'Market Cap'

Nobody expects to clear at that price.

[–] AstroTechie@lemdro.id 3 points 4 months ago

value is not rational