Is this a new opening? I've not, it reveals good opportunity! Scandinavian, so I'll name it ,

I'll call it the Scandinavian, grip hold variation

"If not, it reveals good opportunities" sorry spell check is such a drag sometimes!

Lol grip hold

I really wanted to call it the vampire ooenjng, but we all know that's been taken. Has some semblance to fangs though.

Maybe the fang opening would be better.

whats the compensation for this opening? Imo its a bit falwed and doesnt achieve much other than drop a pawn

You are basically playing a bad English Opening

7. ... Bh5 followed by Bg6 looks like Advantage Black.

Also, even if Black does play Be6, why would he follow up with Nfd7 giving away a piece?

Oh I could write up some variations, but the idea is simple enough. It draws his center pawn away if he accepts on e4, it allows a speedy development if he accepts c4, if he does accept on e4, then we attack with tempo with Nc3. These are the basic ideas, its interesting some say its flawed but the computer doesn't recognise it as a straight up blunder, in fact, when I executed this opening for the first time, the ideas implemented, and the game which progressed was executed with 92+ accuracy, so its not that you cannot play a strong game from it. Someone said its like a bad English, to me it looks like an anti Maroczy bind set up. With all tradittionsl theoretical set ups that I encounter in the Scandinavian, this opening shakes it up with a fresh gambit to take the opponent out of traditional preparation lines.

And it was very natural the moves that came, but the real achievement can be found on move 8.d4 and my center is stronger and hes down development.

But hey, I'm not saying its super special, I'm just saying its a novelty.

Yes that would be a better variation, and better for black, but then his bishop will feel a bit useless maybe on that side, with no slicing on my king-side. I'd like to do some preliminary calculations though from this line for various ideas, with some computer help.

Heres something interesting, stockfish says white is in a slighly worse position but not by more than approximately 1.5. Instead of my variation it suggests 3.d4, which is something I considered, but blacks next move is fascinatingly different type of move you might just not encounter, it seems white has some compensation with fast development of the bishop from en passant, stockfish suggests a very strange, Na6 or Nh6, now honestly, would you consider a knight on the rim from this position? A human finding this seems a lot less statistically plausible than a more normal looking developing move, say Nc6. Now I know the Lat Ian gambit will give you no more a better position by value than grid opening, yet some grandmasters still use it on online games, some will brilliant success. Like all openings, it depends on what you know and how you react. Your knowledge of theory is more important than playing what you think is traditional. 

Update

Interestingly, I set up the position from 7.Bh5, the computer managed to draw the position! So whatever advantage we might think black has, the computer was able to find a healthy refutation. I allowed 3.d4 and black won after some struggle. So the opening, as off sided it appears to merit some theoretical insights. Ill be doing a lot more study on this because I think any de elopement of both knights to God rim to be remarkably unlikely by black unless it has been studied by preparation.

2nd update

Second update, with 4. Bxd3, Nc4 (which looks like a more natural move a human would play, opposed to those knight rim moves, white was capable of drawing. I'm still looking for lines where stockfish can win for white.

3rd update 

After seven games with different theoretical set ups, the computer was only able to draw one game. It appears, the gambit is no more theoretically dubious, than say the Latvian gambit. With this said, try playing with black with the gambited pawn, to see if you can refute white against the computer. In my experience, its easy for us to say it is a disadvantage for certain lines, but to execute it to computer precission is incredibly difficult. This type of opening is probably best played under a superblitz time constraint. With indepth knowledge of tactics from a computer  perhaps at higher play.