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If you buy your LTO drive new, then yes they rip you a new one, for sure! Buy it used…but it still will cost you a few hundred. Like I said, if money is not a concern. If losing the encryption key is a concern, then USB is still your best bet. Make two, keep them simple and unencrypted, stick em in two different safes, update them regularly. And print the documentation with pictures!
Welcome to the Fediverse! Thanks for the post, I love your authorial tone!