I can't help but chime in.
That is 1 BIG big takeaway; the fact that you have to opt for trust in a centralized 3rd party, rather than promoting the decentralized option. One thing interesting too is your valuation in fiat vs valuation in crypto.
Another thing to note:
A lifetime contract is still limited to a lifetime. No future generations. No ability to pass on your inheritance to your children's' children? No generational wealth potential.
There is a good Proverb 13:22 "A good man leaveth an inheritance to his children's children: and the wealth of the sinner is laid up for the just."
I leave you with some thoughts:
People find waiting for a larger reward more difficult when an immediate reward is physically close to them, openly visible, or partially sensed.
The best traders think differently from the rest. The best traders aren't afraid.
Afraid of:
1. being wrong.
2. losing money.
3. missing out.
4. leaving money you could have taken on the table.
These are the four primary trading fears. Your fears will act against you in such a way that you will cause the very thing you are afraid of to actually happen.
Learning to accept the risk is a trading skill; the most important skill you can learn. Develop the skill of risk acceptance.
The cold hard reality of trading is that every trade has an uncertain outcome. Confidence and fear are contradictory states of mind that both stem from our beliefs and attitudes. Eliminate the tendency to rationalize, hesitate, jump the gun, hope that the market will give you money, or hope that the market will save you from your inability to cut your losses. Trade without the slightest bit of fear, but do not allow yourself to become reckless. This is vital. You can't work on overcoming it, though, if you don't even know it is a problem. No matter how good a trade looks, it could lose. So however, eliminating fear is only half the equation; the other half is the need to develop restraint. Eventually we all, even the best, experience a losing trade. The markets are just too erratic and are too many variables to consider for anyone to be right every time. The right mindset is like unto a restaurant owner incurring the expense (loss) of having to buy food, to keep the business going. If you never accept the times you need to be buying the food, you will be permanently out of business.