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I like 1/16" blades. They cut well. They are very rare on the market. Why is that?
They can be made tough if the steel is tough. There are videos of 1/16" blades batonning through concrete block, nails, etc.
Because of the tactical hype and the thinking that you have to pry with your knife, open cars or step on it.
A lot of knifes is build solid because of all those fools ruining their knifes with abuse and then start crying because of the "bad quality"...
Thinner is almost always better when it comes to knives IMO
1/16 stock blades are somewhat rarer because they are more difficult to make, at least in my experience.
Starting with 1/16 stock doesnt leave much room for error while grinding. In addition, heat treating long blades of 1/16 can be super fun as well with the warping and twisting.
Of course it can be done, just not as easily by the homebrew maker - (Again just my opinion)