You do make a good point and I agree they could have done old and new at the same time. I do not agree though that the time was a waste cause I had fun the first year so to me it was not a waste but I can see how other people might feel that way.
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Well there's the subjective value of time but from a practical point of view grinding Destiny in year 1 was a waste. Personally, I just settled for what equipment just got me through the game and now I'm looking at TTK as well off as any of the most invested players. But that's not making the game more fair [i]for me[/i], I would have had to put just as much work into getting good exotics with a sandbox consisting both of Year 1 and Year 2 weapons as I will have to for one effectively consisting just of year 2 weapons. That just kicks players who have spent more time with the game back to my uncaring level.