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1/8" is too thin. Doubt it would be quite as indestructible as a slightly thicker blade. I've been suprised by bussekin before though...

I have a few 1/8" stock blades made outta 1095 steel and I really beat on them.
I'm quite sure an 1/8" SR101 blade with the Busse-kin heat treat would hold up to all usual knife tasks no problem.