The cartel’s cash rotted in walls, rats chewed it, and about ten percent went missing every year. A bitcoin fortune weighs twelve words.
Roberto Escobar, Pablo’s brother and the chief accountant of the Medellín cartel, recalled in his book that every month the cartel spent about $2,500 on rubber bands alone, used to bind stacks of banknotes. About 10 percent of the cash went missing every year. Money buried on farms and walled up inside houses rotted from damp, rats gnawed at it, and some of it was simply lost. The cartel treated these losses as an ordinary line of expenses, like gasoline.
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Interlude. Why Drugs Came First — Nobody Owns Money | Mike Fluff
