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Nice job! One suggestion to improve this would be to add a welt (an extra layer of leather between the two you have) to the stitched area. This will keep the sharpened blade from slicing the stitches.
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One suggestion would be to add a welt to the front edge (a piece of leather that mirrors the front, the area that you marked in the picture below). This would put a solid piece of leather where the blade is. Right now, there is nothing between the sharp edge of the hatchet and the cord. Glue the welt in place (contact cement works well - be sure to roughen up the finished side of the leather to ensure good adhesion), punch the holes through, then re-tie the cord. You'll have a much longer lasting piece. Otherwise, terrific job!
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