We discuss the relation between coarse-graining and the holographic principle in the framework of loop quantum gravity and ask the following question: when we coarse-grain arbitrary spin network states of quantum geometry, are we integrating out physical degrees of freedom or gauge degrees of freedom? Focusing on how bulk spin network states for bounded regions of space are projected onto boundary states, we show that all possible boundary states can be recovered from bulk spin networks with a single vertex in the bulk and a single internal loop attached to it. This partial reconstruction of the bulk from the boundary leads us to the idea of realizing the Hamiltonian constraints at the quantum level as a gauge equivalence reducing arbitrary spin network states to one-loop bulk states. This proposal of "dynamics through coarse-graining" would lead to a one-toone map between equivalence classes of physical states under gauge transformations and boundary states, thus defining holographic dynamics for loop quantum gravity.Loop quantum gravity sets up a non-perturbative framework for quantum gravity, with evolving quantum state of geometries and area and volume operators with quantized spectra at the Planck scale (for reviews of both the basic formalism and recents developments, see [1][2][3][4]). It faces a triptych of interlaced issues: the coarse-graining of quantum geometry states from the Planck scale to larger scales, the definition of quantum dynamics consistent with the holographic principle and the implementation of (discretized) diffeomorphism at quantum level as the fundamental gauge symmetry of the theory (or, in other words, the implementation of a relativity principle for quantum geometry). These encompass more technical questions, such as anomaly cancellation, a well-behaved continuum limit and the perturbative renormalisation of quantum gravity corrections. In this short letter, we would like to discuss the relation between coarse-graining and holography.First, there is the natural question of whether loop quantum gravity, and more generally any approach to quantum gravity, should be holographic. On top on the area-entropy law for black holes, the related generalized entropy bounds for general relativity and the AdS/CFT correspondence at asymptotic infinity, the insight into holography is directly related to the invariance under diffeomorphism. This symmetry is at the heart of general relativity and is the mathematical translation of the relativity principle. However it is a tough challenge to identify and construct diffeomorphism-invariant observables (especially in pure gravity). Considering a bounded region allows to introduce a boundary, which acts on an anchor: looking for observables invariant under bulk diffeomorphisms leaving the boundary invariant seems to point towards the idea that all physical observables about the bulk geometry could/should be represented as boundary observables. We believe it is crucial, in order to understand better the structure and implications of loop quan- * Electron...