IMHO time vaults fit another, much wider topic - making "free floating HBD balances". Basically what other coins, especially PoW, have - sending coins to an address rather than account. It is needed for privacy, but at the same time it would enable us to benefit from all the improvements made in the field of different types of signatures, some of which, I believe, enable time locking. Of course there are some downsides - since such balances won't be tied to stake (because it would defeat their purpose), transfers out of them would need to be paying transaction fees (some witness-established RC-to-HBD equivalent) unless signer mixed such transfer with some regular RC paid operation (which would reveal connection to the stake - either fee-less or private, not both). There is a lot of research to be made before we can start doing any coding though.
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