Ok I may be an idiot, but I just have a permanently attached external disk that does Time Machine, what am I missing out on? Why network location? Or are you backing up massive amounts of data? (for me it’s just 2TB)
I switched to Borg on Linux server from local attached Time Machine disk after once I went to a long trip and forgot the disk at home.
Oh right — I could do a local HFS+ non-encrypted disk with encrypted Time Machine (I assume) — that just slipped my mind.