Without thermostat, ur oil might not be able to reach the optimum working temperature, especially at night. It might not bring much harm if u are cruising, but I'm afraid it will bring extra stress to ur engine if u do sudden acceleration, high revving, or WOT. The similar reason we do not high rev the car till it's proper warmed up.
Besides, I personally experienced engine stalled and resulted steering locked up during rainy days the moment I tried shifting gears. The vehicle could not start even I kicked on the clutch, but only with the key. That's y I think removing thermostat is Very dangerous.