While the edge of a knife is hard it isn't actually very strong. If you take a very thin bladed knife and chop it into a hard knot you can easily take a huge piece out of the blade or make a massive dent. Even though the strength of the steel is high, the functional strength of it when the cross section is really low isn't.
Take a full HSS hacksaw blade for example at 65 HRC. You can easily grab that in your hands and band it, even though your hands are much softer than the steel, because it is only 1/16" thick, and once you flesh compresses a little, it is much stronger than steel of that thickness, plus you are loading them different.
It is the same thing with edges on a differnet scale, edges will blunt by rolling and denting a lot which is why hardness is so critical, they will also blunt by direct abrasive wear on some materials, or simply corrode, or actually crack from direct impacts or fatigue.
Phil Wilson had an excellent article on what causes blunting in general and how different knives need different steels to have good edge retention because how a knife blunts is different depending on what it is cutting and the enviroment.
-Cliff