Use the paracord for shoe laces....that's what I have on my boots.
Also, I use dyneema/amsteel for my hammock hangs. Lighter, MUCH higher tensile strength per foot,doesn't stretch like polyester, floats. Look it up. Don't get it at marine supply stores cuz it's much cheaper to get it online. I get mine from a cottage vendor.

http://dutchwaregear.com/