In the space of my time on BF, I would say D2. When I started it seemed like a niche steel, custom/semi-custom, and now is often a marker of a poor (not cheap, but poor) blade. But I don't think it's for the reasons that many other steels fall out of favor. D2 went from a specialist steel to "well maybe its D2, maybe its recycled soup cans" whereas few other steels have that same problem. I don't see many people wondering about the validity of their S30v, they might wonder if a maker has a good rep with their steel, but the range of say 1095 is well known, so you know that an ESEE is a touch softer than what a custom maker can push out of the same material, and take that into consideration. Apart from some well known fiascos with maybe unmarked A2, which apart from premium price and performance expectation was actually not horrific, in that the A2 would have been fine if it was sold as such. Steels fall out of favor, but I don't see other steels getting stamped on mystery metal as much as D2, though that may well change in the future. This is different than total fakes where the original design's steel is stamped on the blade, I'm talking uber-budget "production" stuff from rebrand sellers.