Kris Fonteno

It's been a long time since I've heard people shout about hundredfold coins and thousandfold coins; now threefold and fivefold are considered extravagant. The cryptocurrency world has really changed.

Can 1.4 billion Chinese people not afford to maintain highways? A deficit of 6 trillion yuan in 8 years, while US highways are free and profitable. US highways are free to use and profitable, while Chinese highways, which require tolls, are actually in debt, accumulating a 6 trillion yuan deficit in 8 years. What's going on?

To be honest, the logic behind this isn't hard to understand. China's highway construction is a massive undertaking, with incredibly high costs. On average, it costs around 50 million yuan per kilometer. In mountainous areas, with more tunnels and bridges, the costs are exorbitantly high. The government mostly uses loans to build highways, and banks lend money, which must be repaid with interest later—a huge expense. Moreover, roads aren't just left unattended after construction; minor repairs are needed annually, medium repairs every 5 to 8 years, and major repairs every 10 years.

Add to that natural disasters like mudslides and earthquakes, and the additional maintenance costs are substantial. There are also operating costs: employee salaries, equipment upgrades, management fees, toll booths, monitoring systems, and road patrols—all of which require money. In contrast, the US highways were primarily built between the 1950s and 1970s, when land, labor, and materials were cheap, making road construction costs much lower than they are now. Furthermore, US highways are 90% funded by the federal government and 10% by state governments, eliminating debt burdens.

Let's look at the data: in China, building a highway costs an average of about 50 million yuan per kilometer. Imagine building hundreds or thousands of kilometers of highways—the cost would be enormous! And loan interest accumulates annually. Then there are maintenance costs: minor repairs are substantial each year, while medium and major repairs are even more expensive.

In the US, construction costs are low, and highway operations are maintained through fuel taxes. The US taxes $0.184 per gallon of gasoline and $0.244 per gallon of diesel. Assuming an average family uses 600 gallons of gasoline annually, the actual annual "toll" payment is around $110. Although highways in the US are toll-free, the fuel tax is essentially a disguised toll. Furthermore, US highways have been in operation for a long time, and many facilities are already quite worn out, resulting in relatively low maintenance costs.

This is actually quite simple to calculate. In China, highway construction costs are high, loan interest rates are high, and maintenance and operating costs are also high; all of these costs must be covered by toll fees.However, no matter how much toll money is collected, it can't offset these huge expenses. Moreover, China's highways are constantly under construction, and new loans will generate new interest. In the US, construction costs are low, there's no debt repayment pressure, and fuel taxes are enough to sustain operations and even generate profits. This comparison highlights the difference.

For ordinary people like us, highway tolls will definitely increase travel costs. But from another perspective, how inconvenient would it be without highways? Furthermore, highway construction has driven economic development and improved our lives. Although highways are currently operating at a loss, this is for future development.

Don't you think the difference between Chinese and American highways is something worth considering? These are my personal opinions. If you agree, please like and support! Feel free to leave your better insights in the comments section so we can discuss them together.

How painful would it be to have 100 million

If you deposit this 100 million in the bank, you will earn 5 million in interest income every year, which amounts to 13,700 yuan daily.

For breakfast, you eat a bowl of beef noodles, adding 200 yuan for beef, with a meal cost of 210 yuan.

For lunch, you go for a top-tier seafood buffet, 800 yuan per person.

For dinner, you go to Hilton for Japanese food, 1800 yuan per person.

The total for three meals is 2810 yuan, and you haven't even spent all the change.

The next day, another 13,700 yuan arrives, and just thinking about it makes you anxious!

$GUN $BNB

Let's not talk about the altcoins for now, this altcoin market, I've truly seen it for the first time in so many years. It has continuously dropped for two months, and altcoins have basically fallen by more than 90%. If the crypto market continues like this, it will really be finished. Without altcoin trends, is there still any interest in this crypto market? It's just some KOLs (Key Opinion Leaders) harvesting retail investors. Retail investors can just do spot trading; there's really no need to listen to those so-called KOLs. You never know, they might not be as good as you are. Don't get misled by their marketing. Lastly, let me ask, is shorting now a way to make money? How many people think so?

How to recover after being scammed by a wild chicken exchange

$客服小何 Heavy investment in customer service Xiao He, target to buy 6 million Xiao He, currently buying 1 million, believe that the first sister can definitely go for spot or contract, if it doesn't succeed in a year, then wait for two years, either go to zero or achieve financial freedom, successfully opened a Land Rover Range Rover Autobiography long version, failed to drive a Wuling Hongguang to do delivery.

This guy has wrapped his car like this; he truly loves his country! The nation has really not raised him in vain.

What is the strangest case you have ever seen?

Which bastard used my name to post this shit? You made 5 bucks and just ran away. Am I really that worthless? At least you could build something!

But this guy seems to have some skills, making 170K from this shit. I'm wondering if I should build something too.

Disclaimer: This scheme has nothing to do with me. Someone saw it during a livestream today and told me about it. Different people have different opinions; anyway, the creator has run away, so I’m listening to the brothers.

Should I build something? Hahaha

The manipulators behind Bitcoin will gradually come to light$BTC

Startled into a cold sweat...

I suspect this is a fishing scam. When you hand over the key, you'll be caught all at once, and you will end up with nothing. In the end, you'll also get a silver bracelet. 😂$DOGE

Today, I withdrew 3000￥, here are some experiences regarding #出入金 .
🍉 Use major exchanges (OK or Binance) for deposits and withdrawals, avoid using smaller exchanges.
🍉 Do not use WeChat or Alipay, and do not use cards from large banks; instead, obtain a card from a local small bank specifically for deposits and withdrawals, dedicated for this purpose.
🍉 Do not make single deposit or withdrawal amounts too large; a few thousand RMB is appropriate, and it's best to use whole numbers.
🍉 For withdrawals, use carefully selected areas/shield, preferably with merchants that offer frozen compensation, with a registration time of over a year and an average monthly transaction count of at least a few hundred.
🍉 For the next withdrawal, directly click the funnel, select transactions that have been done and those you follow, and try not to have too many merchants for frequent cooperation in withdrawals.

One widely praised aspect of our country globally is the stability of our policies, which has led to tremendous success in our society and economy.
However, the downside is that sometimes, due to significant changes in the country, certain policies persist and affect us.
For instance, among similar cities like Beijing, Shanghai, Guangzhou, and Shenzhen, the fiscal revenue retention ratio in Guangzhou and Shenzhen is noticeably lower than that of Shanghai and Beijing. In fact, Guangzhou's retention ratio is also lower than that of Nanjing and Hangzhou.
The excessive extraction of resources is a key reason why 15 out of 21 cities in Guangdong have a per capita GDP lower than the national average; there's insufficient investment, and even Zhongshan, once one of the Four Little Tigers of Guangdong, now has a GDP lower than the national average.
Additionally, the eastern region's support for the western region has led to some supported cities being poorer than those providing support. All of this is a legacy of historical policies.

Satoshi Nakamoto has gone crazy with the rise, hurry up and position yourself, those who enter will get rich

How did you all seize the opportunity with these crazy increases?

People's Daily: Accelerate the construction of a strong financial nation!
$BNB $BTC $ETH