I don't get the connection between unprotected and exploding. I would think they would just stop working.
There is one connection that I know of. The protection circuit does prevent a failure of the battery from over current, short circuit. It shuts off the battery in this event.
But even the newer unprotected batteries have a vent valve in the positive terminal that is supposed to prevent explosion. Now whether it works or not may be debatable. I am glad that I'ill have a strong metal enclosure to keep my mouth protected in-case one of these babies lets loose. I'm retiring all my nicosticks while I'm still in one piece.
Kevin