You are absolutely right.
Call of Duty has always had the best matchmaking experience. Purely connection based, all different skill levels. As you improve, you play better and have better stats and have something to show for it.
SBMM works in a game like Halo with visible in-game skill levels, but it has no business in Destiny. Bungie has no idea what they are doing.
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I like that I play with people like me but I don't notice the same on the other team