Except this time you don't get anything. You got shards before which could be used for upgrading stuff or exchanged for motes. Have you forgotten about that?
Reward system of Destiny being RNG is cool. But it crosses the line when the chance of getting literally nothing is added to the table.
And it hasn't been like this since VoG. You play on normal, you get shards and maybe some gear. You play on hard, you get shards again, and maybe some gear.
Now since shards aren't needed, the equivalent is gear since it serves the same purpose.
You use it to make your current stuff more powerful.
Before you reply, I got a question for you.
Name one other PVE activity that's weekly or daily in Destiny that doesn't give you anything upon completing it.
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Yep. This^^