Specific conditions? That crap grows in Wisconsin- check out the link:
For the non-cold hardy species (there are about 1400, according to the article), it wouldn't have a problem in the Southern/Southeast US. I know a botanist- I'll see if I can contact him and if he wants to discuss it (he retired to Hawaii, so....)
AFAIK, not many in commercial woodworking/cabinetmaking use much beside Carbide for edge tools and that would have no problem with Bamboo, even if it's stringy and in that respect, it can't be worse than wet Elm. The only real reason it might kill tool edges is if it contains a lot of silica and that would make it similar to Teak, Koa and other species that grow in sandy soil.