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If you watch the Livi video of him making one of his razors he clearly uses an ingot of damasteel and cuts the blank from that. There is no hammering and folding. As to how they make the ingot, that...

If you do decide to buy just do some research. I know many of the knives they sell as Damascus are just cheapo metal and they paint some solution over the blade and dip it in acid and it looks like...

If you want one because you think it shaves better save your money. If you want one because you like the aesthetics then get one. It's that simple.