Hey Gigmaster,
Cool use of velcro!!! I have a similar device I use on my inflatable. It is a lenght of elastic that has a slide closer made into a loop. All you do is loop it around the object and what you are attaching it to, tuck the end through the loop and cinch the slide fastener in place. This is also nice because it doesn't have to be permently attached to the kayak. I can move it around and place it where I want. I use two of these to hold my paddle.
Sarge.