Glocker, let me ask you this. How often would you expected to use models like the Spike, Safe Keeper, Desperado, Peace Keeper, or Kobun for utilitarian purposes? These so called boot knives and daggers marketed by Cold Steal are not designed as EDC utility knives, rather as defensive weapons, so steel grade is of little importance. Sure, they may be used to cut some rope or open a box on occasion if you need to, but that's not they're primary purpose. Notice that their folding knives are either AUS-8 or 440A. 440A isn't the top of the line quality steel, but for a plastic handled imported folding knife that will tend to be used for utilitarian purposes I would consider it basic. I agree that S30V, BG-42, D-2, 154-CM, ATS-34, VG-10, ATS-55 and even AUS-8 are better quality steels, but that's why we buy from other manufacturers.
I'm not trying to defend Cold Steal as their marketing tactics and knockoffs are a big turn off for me, but I'm just trying to keep it real. I would say that the majority here on Bladeforums own enough knives from several manufacturers to last several lifetimes and many of us knife enthusiasts rotate the knives we carry on a day to day or week to week basis, so it's all a matter of personal preference and using the right knife for the task at hand. It's totally up to you if you want to EDC a Cold Steal Spike or Safe Keeper and intend on using it for everyday utilitarian tasks. You'll be disappointed on how it performs as a utilitarian knife, but there are much better knives by other reputable makers to consider.