I`ve batoned through a piece of wood, a few times in my life.
One was simply to remove a 2" diameter small birch-tree that had grown across a rarely-used path in the woods of my parents. I used a Rat-3, and it did the job just perfectly.
The other was to split up some bigger pieces of firewood into kindling, where i used my Victorinox OH Fireman. It has a liner-lock, and i`ll make a word of warning here. Liner-locks are pretty safe when it comes to locking-mechanisms, but the one on my OH Fireman disengaged without problem when i batoned it. I didn`t cut myself, as i`m always careful about where i have my fingers, and since the blade was in a piece of wood, i doubt i could`ve cut myself, even if i tried.
The liner-lock on my Vic-Fireman still works just beautifully, but if i am to baton with it again, i know what to look out for.
And i do believe i`d rather use a fixed-blade knife, than a folder, even though a folder will do the job nicely.
(Just the other day, i made a new handle for some weird-looking pick-axe for a friend of mine, where the only tools i had, was a hammer and my Victorinox Ranger. I had to split a piece of fir to make wedges, so i could secure the handle. The Vic-Ranger did the job just fine.)
And thusly, i`ll make the following statement:
It`s not the size of your tool that`s important. It`s what you do with it that counts.
(A good knife can slice and dice, and it`ll even baton. But it`ll never ever become a pry-bar.)
Oh yeah, axes were invented for a reason. If you go into the woods, with the plan of making a fire, or even clearing an area, a machete or an axe should be with you. Even one of them small pocket-axes will be better than lugging around a 24" knife, made from 5" thick steel, just so you`re sure it won`t break when you proceed to bash it into a standing oak, in the belief that you can baton the tree down, after having seen on some video-tape that you can crush bricks and cars with the edge-side of the blade, without harming the cutting power...
As i said, knives are for cutting. If you want to crush something, buy a hammer. If you want to pry, buy a pry-bar.
(Didn`t your mother tell you to never pry into other peoples business??)