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.
Memorizing will not be a problem if the Seed Phrase is still somewhere else or has been written and stored in a safe place. Because if you only rely on memorization, it will be very risky for your own assets, human memory will definitely weaken or decrease as daily activities increase.
I myself have never memorized the Seed Phrase, indeed if we try to memorize it is very easy because there are only 12 words but I realize that I am a person who forgets easily so memorizing the seed phrase is not important to me because the risk is very high for my assets. It is better to play it safe by writing down the seed phrase and then storing it in a place that we think is safe, the point is don't try to trivialize things related to assets. Even if you feel that your place is not safe to store the Seed Phrase, you should try to find another safer place because memorizing is not the best solution to secure your assets.