Is there a way to shorten the private key making it easy to remember? Else I would have to keep a copy of it somewhere. I am not a big fan of using any password manager.
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Or does a short private key beats the purpose as it would be easier to social hack it?
Mmmm, its not something that could be practically done by a user. There have been some discussions about changing the format, but that's happening at the client or protocol level. Someone smarter than me could probably make a "seed phrase" out of it that's easier to remember or write down, like how bitcoin seed phrases work, but it wouldn't be shorter. The length of the key is important so that it can't be physically hacked by a strong computer.