Technically, it would work, but why would you want 2 fixed eyes for a Block? If overloaded the capturing eye can be drawn into the path of the rigging rope, thus causing rope on rope friction. Don't get me wrong, the concept, I'm sure has been used, but I wouldn't want to be the ground i.e. If that scenario occurred, nor would I want to be anywhere near the rigging rope(if that's what you're trying to implement here) due to slippage or failure. It's not a Bad idea, but, it seems to me, to be a less than optimal concept, to using 1 loop of rope. What you've drawn are 2 dead eye slings that dependent upon one another. My question would be, what situation would warrant such a setup, is it that you only have 2 shorts that you want to incorporate into a working configuration? Or, are you just wanting to experiment for the sake of will it work? I personally don't see this being anything more than a hazard waiting to happen, and if it's overloaded, it will happen! Sorry, but this is just my opinion, take it for what it's worth, but I doubt you'll have enough for a cup of coffee. Best of luck to you, & your experiment.