Hello folks,
Dive with a ATS-34 satin finished knife and you'll know why people coat blades. They looks ugly after a little bit of use, but even under the coating it's protected better. coatings are really necesairy in wet condition knives, since no high-end steel yet is impervious to rust except the non-steels, liquid metal, talonite, stellite....
Even 440C and AUS6 rust when you look at it if they're beadblasted and dunked in salt water or sweat. For people with sweaty pockets, a coated blade is probably best.
greetz and take care, Bart.