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@Bobbo
Happy to be proved wrong but that looks shit. Like Tiswas said the lack of anyone other than the inventor trying to break the lock is a worry, also I would imagine that it would be much more expensive than a fahg seeing as it uses a good amount of titanium which isn't cheap.
I firmly believe that a good quality lock provides a visual deterrent, it looks meaty and hard to break. That looks flimsy as so how much damage is likely to be caused to your bike when a bike thief decides to try and force it open because it looks like an easy target?