I think the answer is fairly obvious; for some people there is no element of machismo, for others there's a tiny bit and for some there's a great bit. BUT!! So what? Why does it matter? Is there something wrong if there is? What's the difference between wearing a $100 knife (as a wardrobe accessory) and a $2000 Rolex?
Precisely, I'm not knocking wearing one just fathoming the real reason why so many of us would. I probably would myself at such an occasion.
Given I spend a good amount of spare time making sheaths its a shame not to show them off.
But let's be honest - the chances of me needing and using my dwc at such an event are small unless I am camping. So yes, I'd wear it to show off, and yes I probably do look like a robin hood extra. Its ceremonial at best - and therein lies my shame. It's a tool, not a decoration and in my heart I know it should be treated as such but the 9 year old boy that also resides in my heart wants me to have it strapped to my hip. If I give in any further I'd have an axe dangling from the other hip and a quiver of arrows on my back.
But I'm not 9.