Even more dangerous. You risk leg injury. However, if you are skiing pow and constantly losing a ski/two, you should look into it. If you're skiing steeps, you cannot run the risk of losing a ski... because you can't stick it out. You'd be done for.
If you tie a cord, you will still release from your bindings (less risk of lower leg injury). However, if you're rag-dolling, like someone said, you might have a 7 pound knife tumbling down on you.
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Tanakaskier - "You can take a man's money. You can take a man's land. But you do NOT take his skis."
Tequila - "there are also teenagers for example, that still have smaller features....."