
I have used 4 different Byrd knives in this steel, and aside from the early (2005 or so) blades, have not had this issue. For what it's worth, I used them commercial fishing and on towboats and barges. The edge retention is reasonable, it's no "super steel" but for someone who actually uses their knives, it is inexpensive, easy to resharpen or even reprofile in the field, and has decent resistance to rust.
Cutting hundreds of knots out of 2 or 3 miles of dirty 3/8 and 7/16 rope a day is pretty serious cutting and I haven't passed on 8Cr13MoV yet. It
is easy to sharpen, but I have to disagree that it loses its edge quickly. I have never wasted the time or effort to mirror polish the edges of my Byrds, but have found that it does perform much better with a coarser, toothier edge.
For the price point, the Tenacious family or Byrds are great knives, probably the best bang for the buck on the market. Inexpensive enough you can have a few on hand, and you won't lose sleep if you lose or break it.
A lot of people poo poo this steel, many of whom have not even tried it, because either it isn't the latest greatest "super steel" or it has "China" stamped on the blade.