This is a terrible idea. And you've failed design 101. Step 1, do the systems engineering piece. What requirement are you trying to meet, what problem are you solving, who is impacted, who needs this, who wants it?
When I need to spin stuff fast I put a gun on it. There is almost never a time when i have long threads and can't put a gun on it and wish I had this. If I was in that boat, I would set up a stubby ratchet or a 1/4" drive ratchet.
What happens to a nut when it flies off the stud? Is it lost? Or does that socket retain it? Or have you even given this that much thought?
Design is not "eureka, I just got a brain fart idea!" That's modern art. Design is solving a problem, meeting requirements. Form follows function is PART of good design. Form follows function, process, materials, requirements, expectations...
If you are real designers, you wont give up. Turn. Take this lesson and try something else. Your design mentor model should be Edison, not Wiley E Coyote*.
Edison was an idea developer
Wiley E Coyote comes up with one idea, encounters a problem and scraps the first idea 100% only to encounter another unforseen problem. Shocking how many designers think this is how design works.