Bungie had kicked the idea around quite some time ago and decided to not implement a trading system.
There are many reasons why it should be avoided, especially at this point; many people have spent a lot of time building an inventory of righteous gear and a trade system would be quite insulting.
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Can't really spend a lot of time when the game just came out lol.
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The game has been out for almost a month. Just a quick point; weapons earned from exotic bounties would no longer show that the player holding it accomplished anything, no matter how trivial said bounty may be.