That is pretty neat. For short-term, non-critical use it looks good. A nice way to keep a hank for quick and easy use. I don't think it is secure enough for long term storage or hanks stored where they get a lot of manhandling and abuse.
My preferred method:
http://www.animatedknots.com/coiling/ind...imatedknots.comDisadvantage is it doesn't run freely without some work so it is slower to deploy.
The advantage is that if tied well it is pretty near bulletproof. I've seen coils machine washed come out intact. This isn't the best way to get rope clean. (You want to loosely coil in an over-sized mesh bag.)
I've seen dozens of coils tossed into a tree-service truck where they ride for years getting tossed together. After years of such treatment there is still little doubt that every coil is still ready to go after they remove the hitch.
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