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Stainless really likes oxygen. It will eventually corrode if you use it as anchor chain. Being bunched up in a damp anchor locker along with wet nylon rode, etc is not good, when there are better choices.

I am almost certain that the welds in stainless chain are more brittle and will fail faster than galvinized.
I've long accepted that stainless isn't good for anchor chain, but then I frequently see stainless seizing wire used on anchor and mooring shackles. Isn't that wire prone to the same failure?
 
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