I'm afraid you've lost this one. A "very" well respected smith says that the best you can hope for is to not make the steel worse than it was. You can't pound goodness into it.
Just a few short few years ago, there were still people here that believed the old myth that you can pack the molecules of steel with a hammer. I took a few of them to task, and got bashed for it.
In truth, you can change the molecular structure with a hammer.
As long as the hammer has a NUKE ready to be set off under it. Other wise.
NO!
You can move metal under the hammer. That is all.
You can burn the carbon out in the forge very easily however.
Many smiths use different tempering techniques for different parts of the blade. So do many stock removal guys. If done correctly, ie-truly hardened, and tempered differently in different areas of the blade for a purpose, it can do great things. If however, as some smiths do, hardened the edge, and never harden the spine at all, all you have is a blade with very weak structure. One that is going to fail at the worst possible time. (This is why the bend test of the ABS is a "test" only. Not how an actual blade is to be made.)
I've said it before, and I will say it again. If hammering metal, truly produced superior steel, you would find thousands of smiths at all the different Aero Space companies. You Don't.
What you will find is very qualified metalurgest, and top heat treaters. Think there might be a reason for this?
Mike
Maker
The Loveless Connection Knives