I have followed a lot of threads dealing with corrosion on the knife forum. There seems to be a unreasonable fear that you are going to pull your knife out of the sheath and it is going to crumble to a pile of iron oxide. Corrosion, rusting are other names for oxidation. ( the chemical definition of oxidation deals with the movement of electrons so it deals with other elements besides oxygen) If you use iron alloys in a knife it will oxidize. ( stainless is not, it will oxidize less) Oxygen being a component of the atmosphere will react with iron immediately. This is a natural process. Using a lubricant, wax, or grease protects the surface of the iron from the effects of oxidation. "Patina" is a nice name for the chemical reaction that discolors the surface of the knife. If you skin a deer, cut a lemon you will have a "Chemical reaction" with the metal. At times this reaction can be very fast and will cause a coating to form on the metal. (look at other metals like copper in weather vanes, green patina; old silver coins or tableware, black patina) In some metals such as aluminum the oxide (aluminum oxide) protects the metal from further degradation. Guns are blued, parkerized and coated to protect the metal. These processes are controled oxidation of the surface. If you use your knife it will be exposed to various compounds that will cause surface reactions. Just think of the various chemical compounds your blade will come in contact with when you chop various woods, plants, skin game, filet fish ( sentry removal for you guys in Practical Tactical), prepare food and so on. If you use a knife then expect oxidation. Usually this process is very slow. Only concentrated acids will attack metal immediately.
So what can you do to prevent it? First clean your knife after each use. Water will remove most compounds. Dry your knife completely. Never put it into a sheath wet. Protect the surface of the blade. A light coat of oil, silicone, wax, (leaves a protective coating) will all prevent this. If you store a knife do all of the above, keep it out of the sheath and wrap it in protective paper and keep it in a warm dry environment. Condensation will form on metal warming and cooling. Fingerprints also leave residue that can cause problems, so wipe them off with your silicone cloth. All my knives are users so I look at patina, nicks, scratches, rust spots as a history of my use of that knife, like badges of honor. My oldest "good" knife" is a 40 year old Randall 12 Sportsman's Bowie. It is used and not abused. I don't plan to sell it and it is probably worth half of what a "mint" knife is worth. I didn't buy it for an investment. I bought it for use.