Love Spydercos. They're all about function over form which is what I'm all about too. If you want good looks, they're probably not for you (pretty sure they say as much in their marketing materials), though they do make some beautiful models here and there. The compression lock is my favorite out of all the ones I've tried over the years. The Tenacious was my first Spyderco and that got me hooked. Bought it because I too was curious about all the hype. The round hole, while admittedly divisive, is the very essence of what makes the Spydercos great. Forgoes looks in favor of utilitarian function.
I'd been out of the knife game for a bit though. Been happily carrying my Paramilitary 2 in S110V steel with the "Blurple" scales for the past 6 years or so. Got back to checking out the knife scene recently and from what I'm seeing with all the price increases and inflation these days, I'd argue Spyderco probably aren't quite the best value out there anymore, at least for their main models. There's a lot more good competition at similar price points as their flagship models compared to a number of years ago. Back when I got my PM2 in S110V, you could get the basic black G10 PM2 model, with a satin S30V steel blade, and it was USA made for about $100. For the same money at the time, you could probably get a knife from a different manufacturer with lesser steel and FRN handles. For what you were getting with the build quality and materials, it was some insane value. In retrospect I should've bought more back then lol.
I'd been out of the knife game for a bit though. Been happily carrying my Paramilitary 2 in S110V steel with the "Blurple" scales for the past 6 years or so. Got back to checking out the knife scene recently and from what I'm seeing with all the price increases and inflation these days, I'd argue Spyderco probably aren't quite the best value out there anymore, at least for their main models. There's a lot more good competition at similar price points as their flagship models compared to a number of years ago. Back when I got my PM2 in S110V, you could get the basic black G10 PM2 model, with a satin S30V steel blade, and it was USA made for about $100. For the same money at the time, you could probably get a knife from a different manufacturer with lesser steel and FRN handles. For what you were getting with the build quality and materials, it was some insane value. In retrospect I should've bought more back then lol.

