That's a great idea but chains don't stop... only deter. With a sawzall, grinders, and cutting torch in my shop it's easy to cut chain. No, I have warned them they will have hell to pay if someone other than me uses it.My saws stay chained w/logging chain to a timber beam in the barn. They hang by the handles on spikes driven into the beam. Only I know the lock combination.
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It's a foolproof way of keeping fools/idiots from borrowing my saws.
If you must, leave a "wildthingy" loose for the morons to borrow.