Bitcoin at the crossroads – Too soon for regulation? [pdf]
www2.deloitte.com1 pointsby ludbb0 comments
Delays between passcode attempts
Attempts Delay Enforced
1-4 none
5 1 minute
6 5 minutes
7-8 15 minutes
9 1 hour
There's also an optional setting you can enable so that after 10 failed consecutive attempts the device's data is wiped.
so many wrong things with this..