What if someone finds the seed? Isn’t an encrypted backup better?
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Multi-Sig that bitch
No, just use a passphrase. Trying to digitize a backup is asking for trouble. Just use a passphrase, if someone finds your seed, they can't do anything with it unless you compromise your passphrase at the same time.
Multi-sig is honestly overkill for almost all individuals imo. Only if you want multiple entities holding keys.