Softer steel works for some people because they love sharpening--and sometimes love enough to want to sharpen every hour.
As I understand it, there are two really significant variables that determine how a steel will work as a knife: the hardness and the grain structure. Hardness is measured with a diamond point pressed into the steel by calibrated weights. Diamond will go further into softer steel with the same weight. Grain size is tougher to measure, but in general, bigger grain size means a toothier edge and will be harder to sharpen--but it will keep a working edge longer.
Hardened steel is a lattice of different crystals--or grains. A way to think about it could be to imagine making a blade out of stuck together gravel or fine beach sand. The edge made out of beach sand can come to a finer and more uniform point, but the edge made of gravel will probably stay aggressive longer. Generally, people use the fine-grained steels for stuff where a really really sharp edge is useful--razors, surgery stuff--and the coarser grained steels for hunting and outdoor knives where longevity is more useful.
For sharpening, steels with fine grain structures are usually easier to sharpen. The grains themselves are carbides and they're ultra-hard. The process of sharpening is a mix of shearing these crystals out of the lattice or wearing the carbides down. Big grain = tough sharpening. Small grain = easier edge sharpening/shaping.
Most high-carbon steels lend themselves to having a nice fine grain structure. It's possible to mess it up during heat treat, but most makers manage not to. The recipes for a good heat treat for those steels are pretty well known. Stainless steels are much more likely to develop big grains because of how much chromium is in the alloy and what happens when carbon and chromium are in solution at ~2000deg f and quenched. There are some stainless alloys that keep a very tight small grain structure (AEB-L) and also get VERY hard. For someone who likes to sharpen, I think there's nothing better.
Personally, I like knives that are harder rather than softer. There are plenty that prefer the quick and buttery smooth sharpening on softer carbon steels.
Right and left handed: if you were in Japan, you'd get yelled at for holding a knife in the "wrong hand". They have a very developed knife/cook relationship and use single-bevel knives for most of their traditional cooking. Using the bevel on the side closer to the food doesn't let the knife work like it should. A double-bevel knife, which is pretty much anything available in the US, shouldn't care which hand it's used by.
People who love carbon steel are becoming rare. It's a shame, because most high-carbon steels are great for knives, and a chef that keeps their high-carbon blades in good shape will be practicing good habits of cleanliness and respectful maintenance.
-Patrick
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