A very sharp pointy nose doesn't serve a purpose on a board and many people have had an eye poked out. There's a good article about this in the Surfers Journal (21.4). The author claims that K. Slater cuts the noses off his boards. I have never been poked by the nose of a sharp board but have been sliced by a fin and sanded down my fins after the experience.
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Thread: Nose Cones