When I got into knives back in the late 90's 440C and 154CM were the king of steels for folders. VG10 and D2 were advanced steels (that I still love) and ironically 1095 wasn't nearly as common as it is now. S30V would be released in 2001 and was instantly the king of stainless for folders...
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Just the concept of a tool being "outdated" because of its steel composition would have been weird when I was growing up .
With few exceptions , you got whatever steel they used . They never said specifically and almost no-one cared . You just used it till it stopped working for you .
I feel that the peer pressure is real . Bleeding edge or nothing . And not just steel type either . Lock type , handle materials , pivot , blade shape etc .
Camping out to get the jump on the newest model cellphone is silly enough , IMO .
When it comes to knives ...ridiculous .