I would suggest a less deadly, and more readily available species in a larger tank. They are more fun, less threatening, and usually available in much better condition than an animal that's been shipped from the other side of the world. Most Blue-Rings die in the shipping process and the ones that survive rarely last longer than a couple of weeks. They are beautiful no doubt.
I just scored a baby O. briareus (about the size of a nickel with arms curled up, head the size of a peanut) from
www.divertom.com. They are nocturnal, but adapt well to daytime activity. Plus, they're just gorgeous octopuses, grow to about 2.5 feet long arm tip to mantle tip. Check out some of the videos of "Fluffy" on Youtube. It's a member of TONMO's pet O. briareus.
Actually several members of TONMO have gotten briareus' lately and they all seem to be pretty quick to adapt to captive life.
The thing about Blue-Rings is, if you do accidentally get bitten... you're screwed. No if's, and's, or but's. You're dead. The hospital isn't going to be able to do anything about it. The ambulance isn't going to get there fast enough to do anything for you, and you're not even going to be able to act fast enough to call 911 in the first place. There are reports that even placing your fingers in the shipping water causes a reaction. On the slim chance that you do get hospitalized, you'll be on life support for at least 12 hours before you can breathe on your own. They are meant to be left to their world, handled only by experts.