Sigh. Its finals week, and I know I shouldn't be doing this, but here goes.
Fatigue. 80-90% off all metal failure is caused by fatigue. In this case, throwing the knife is probably exceeding the maximum stress for infinite life (surviving forever even though there is repeated stress) and it WILL eventually break, even though it looks fine. This maximum fatigue stress is related to the hardness, a softer knife will live longer at higher stresses than a hard knife. This is caused by the propagation of cracks and defects inside the material. I can point you to a study of this, but you won't recognize the guy's name and it wouldn't mean much to you. I can point you here
http://en.wikipedia.org/wiki/Fatigue_(material), which has a pretty decent article on it or to Chapter six of any of the norton machine design books.
Wrong on a few accounts, mainly being
1. There isn't any torque on a knife when being thrown. In fact, you only get torque if you use your knife as a screw driver, otherwise its all bending stress. (this is just a general correction as mislabeling stresses is a pet peeve of mine)
2. ALL materials are flawed. This is a proven fact and has to be taken into account when designing something. This leads to stress concentration and fatigue failure. So every knife will have "Fissures" in it.
3. ''flex'' has nothing to do with ductility, and all to do with young's modulus, which is the same for all steels at any hardness rating. Ductility effects how much energy something can take before failure after it has yielded.
Well, yes actually. At the hardness rating that ESEE does their knives, throwing them will eventually cause failure (caused by fatigue) if you exceed a certain stress. This applies to most of the knives at the same hardness level as well. Which is why most throwing knives are at a much lower hardness level, so they can handle the stresses.
I'm not a metallurgist, I'm an engineer who happens to be pretty good at this stuff. Also, I have the textbook sitting on my desk as a reference.
The OP can throw his knife all he wants, its his choice. But there is a stress at which the knife will break after a finite number of cycles. This applies to everything, including knives.
I hoped this shed some objective light on this thread, I'm not trying to anger anyone just trying to educate.
~Robert