Hi,

Seriously considering migrating from Armory to Electrum, mainly as maintaining two copies of the entire blockchain on my laptop is no longer viable (and because Armory dropped Mac support).  Electrum has a cold storage facility just like Armory.  But does it have an equally secure way of making paper backups?

Armory can make, say, a 3-of-5 backup where I can store the five sheets of paper in five secure locations, and as long as I can get to three of them, I can restore my wallet.  And if Dr. Evil gets two copies, he can do nothing.  Does electrum has a reasonably easy way of doing the same?

Otherwise, I was considering using Armory for the backup: Creating an Armory wallet on the offline machine, make a 3-of-5 backup, use the first private key of the wallet as a seed for Electrum.  Is that doable?  Is it a bad idea for some reason I have overlooked?