Originally Posted by
JohnDThompson
If the couple extra grams using the caps is an insufferable burden for you, by all means leave them off. I leave them on because the extra mass means I'm training that much harder than the next guy.

then you can take them off and drop everybody
for some reason, my bike has the knurled nut on one tire and it doesn't have it on the other. I haven't had to change the tubes or tires yet, so I couldn't have lost it, the LBS must have only put on one as some kind of sick joke.
But I haven't had any problems with either wheel, I'd say the nut doesn't do anything. But I can see how it could be useful when using a pump.