Just remembered that I have written the recovery seed phrase of my Electrum on a piece of paper somewhere in my place. I'm wondering what could go wrong since my place isn't too secured. How about trying to memorize it? Is it possible?
Would you try?
What are the benefits? ... and the setbacks.
It’s possible, it’s doable but that doesn’t mean it should be done. Even you too can forget or have memory loss sometimes. It’s not what anyone wants or would like to happen to them, not even your worst enemy when they’ve got just so much in their wallet.
About a month ago, I forgot the password to my forum account and it was a nightmare for me since, I didn’t put any recovery procedure in place. This could have easily been a your wallet and it’s not what the risk! This isn’t some words of your choosing, neither does it have any personal association issues it was randomly chosen and just like that, lose one clue and your done for.
When you’ve got the hard copy somewhere safe, your good. If your concerned about your home and how secure it is, perhaps you could have it saved some place else, more like having a duplicate. So, if the things you fear becomes a reality at your home, you could still have an option to recovery some place else.